Tech Company Financing Transactions
Chumby Industries Funding Round
Chumby Industries, based in San Diego, secured $12.5 million from JK&B Capital, Avalon Ventures and Masthead Venture Partners.
Transaction Overview
Company Name
Announced On
3/31/2008
Transaction Type
Venture Equity
Amount
$12,500,000
Round
Series B
Investors
JK&B Capital (Lead Investor) (Marc Sokol)
Masthead Venture Partners (Richard Levandov)
Proceeds Purpose
The Series B financing will be used to accelerate growth of the company, and expand and broaden the Chumby Network to other screen-based Internet connected devices.
Company Information
Company Status
Out of Business
Industry
Electronics
Mailing Address
12264 El Camino Real 203
San Diego, CA 92130
USA
San Diego, CA 92130
USA
Phone
Website
Email Address
Overview
Introducing the chumby, a compact device that can act like a clock radio, but is way more flexible and fun. It uses the wireless internet connection you already have to fetch cool stuff from the web: music, the latest news, box scores, animations, celebrity gossip...whatever you choose. And a chumby can exchange photos and messages with your friends.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Derrick Oien
Chief Financial Officer
Bruce Worman
Founder
Andrew Huang
Founder
Duane Maxwell
Founder
Ken Steele
Browse more venture capital transactions:
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Next: 3/31/2008: RCD Technology venture capital transaction
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Where The Data Comes From
We do our best to report on funding rounds that are announced publicly. VC investment data records reported here are sourced from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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