Tech Company Financing Transactions
Skyhook Wireless Funding Round
RRE Ventures, Bain Capital Ventures and Commission Junction participated in a $8.5 million capital raise for Skyhook Wireless. The round was recorded on 7/16/2007.
Transaction Overview
Company Name
Announced On
7/16/2007
Transaction Type
Venture Equity
Amount
$8,500,000
Round
Undisclosed
Investors
Proceeds Purpose
The new capital will be used to expand the Skyhook Wireless coverage network to Europe and Asia. Today, Skyhook covers 70% of the U.S. and Canadian populations. By the end of 2007, Skyhook coverage will include the top 50 European metropolitan areas and the top 15 Asian cities.
Company Information
Company Status
Acquired or Merged
Industry
Wireless
Mailing Address
34 Farnsworth St. 5th Floor
Boston, MA 02210
USA
Boston, MA 02210
USA
Phone
Website
Email Address
Overview
Skyhook Wireless was founded on the belief that location is a key contextual element of mobile communication. The company's vision is to expand the market for Location-Based Services (LBS) by making precise location information accessible to users and application providers.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jeffrey Glass
Chief Operating Officer
Steve Solari
Chief Scientific Officer
Farshid Shabdiz
Chief Technical Officer
Nick Brachet
President
Jim Crowley
VP - Bus. Development
Michael Shean
Browse more venture capital transactions:
Prev: 7/16/2007: LifeShield Security venture capital transaction
Next: 7/17/2007: Healthline Media venture capital transaction
Share this article
Where The Data Comes From
Our team works diligently to record every notable VC transaction. VC investment data records on this site are derived from a variety of public sources. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs