Tween mobile provider Kajeet bags $1M
Kajeet, the cell phone service provider for kids and tweens, closed a $1.05 million second-round of venture backing to continue product and market development. The Bethesda, Md.-based company is coming off a big win last week, striking a deal with Amazon to sell its phones through the site’s wireless store (it also landed a coveted spot on Amazon’s holiday toy list).
It’s currently selling four different youthful models on the site — built by Samsung, LG… Continue Reading
Kajeet’s phone for kids, will it avoid pitfalls of predecessors?
updated
In a highly risky strategy of piggy-backing on other carriers’ networks, Kajeet has raised $36.8 million in a second round of financing to offer cellphone services to tweens and teens.
It offers a dashboard for parents to control when the phone can and can not be used, along with wallpaper, games, ringtones, applications and more.
The Bethesda, Maryland company is brushing aside the grim evidence provided by string of disasters at other companies trying something similar. Amp’d… Continue Reading