Avaak, Inc. Garners $7,000,000 Series A Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=28ffec49-b2de-4d06-93e0-ea56b64de380&Preview=1
Date
10/2/2008
Company Name
Avaak, Inc.
Mailing Address
9645 Scranton Road San Diego, CA 92121
Company Description
Our goal is to be the world leader in the market for intelligent ad-hoc video networks that are completely un-tethered to (or unconstrained by) existing power, network and carrier infrastructures.
Website
http://www.avaak.com
Transaction Type
Venture Equity
Transaction Amount
$7,000,000
Transaction Round
Series A
Proceeds Purposes
The capital will support product development, marketing, and sales of Avaak’s new and unique consumer product, scheduled for release in early 2009.
M&A Terms
Venture Investor
Trinity Ventures
Venture Investor
InterWest Partners
Venture Investor
Leapfrog Ventures