Update: Vivotech, radio frequency credit card co., raises $19.9M
(Updated. This story was originally posted 5/4/07)
Vivotech, a maker of software to allow payments with radio frequency-enabled credit cards, debit cards, or other wireless devices, has raised a third round of capital in the “double-digit millions” of dollars.
(Update: More concretely, it has raised around $19.9 million, according to regulatory filings cited by PE Week. It has only drawn $15 million of that money so far.)
The investment was led by First Data Corp. Previous investors Alloy Ventures, Nokia Growth Partners and Draper Fisher Jurvetson also participated. Vivotech is based in Santa Clara, Calif.
The deal was mentioned on the company’s Web site, but VentureWire provided further details (sub required).
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About the Author, Matt Marshall
Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.
