Myvu Corporation Receives $11,500,000 Series B Funding
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7c85c526-48fa-4d85-8fb0-1c84d84c8606&Preview=1 -
Date
1/16/2006 -
Company Name
Myvu Corporation -
Mailing Address
31 Dartmouth Street Westwood, MA 02090 -
Company Description
Myvu Corporation is the leading supplier of eyewear viewers for the portable electronics industry. Medical and military applications served as the company’s fundamental technology drivers, which provided the discipline for quality, adjustment, safety and usability that have culminated in Myvu’s consumer products. Today, this technology is integrated in, or mounted to, sunglasses, eyeglasses and safety eyewear. -
Website
http://www.myvu.com -
Transaction Type
Venture Equity -
Transaction Amount
$11,500,000 -
Transaction Round
Series B -
Proceeds Purposes
MicroOptical plans to use its second cash infusion to expand production of myvu, which costs $269 each and is currently available online. -
M&A Terms
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Venture Investor
Atlas Venture -
Venture Investor
Intel Capital -
Venture Investor
Hillman Company
