Xconomy Boston

Segway, Inc. Garners $5,000,000 New Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1dd5e1ce-1c01-41ac-b1f9-e8725630a857&Preview=1
Date
8/18/2008
Company Name
Segway, Inc.
Mailing Address
14 Technology Drive Bedford, NH 03110
Company Description
Segway is passionately devoted to moving you- easily, efficiently, intelligently simple. The company’s first product, the Segway® Personal Transporter (PT), was the first two-wheeled, self-balancing, electric transportation device to use our patented dynamic stabilization technology.
Website
http://www.segway.com
Transaction Type
Venture Equity
Transaction Amount
$5,000,000
Transaction Round
Undisclosed
Proceeds Purposes
Proceeds purposes were not disclosed.
M&A Terms
Venture Investor
Undisclosed