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
Draper Fisher Jurvetson raises $290M for growth fund
Silicon Valley venture capital firm Draper Fisher Jurvetson said it has raised $290 million for its first growth fund, to invest in “large opportunity” growth-stage private tech companies.
It will target companies that have completed the initial development stage and are generating revenue, with a potential for exits of $1 billion or so more in value. The company said it has five current portfolio companies: Visto, Raydiance, Kajeet, UUSEE and Solar City.
The fund’s team is led… Continue Reading