Pelago Lands $15,000,000 Series B Financing Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b29b7170-cb85-417c-9fda-6269d6a2a2a0&Preview=1 -
Date
5/27/2008 -
Company Name
Pelago -
Mailing Address
1201 3rd Ave. Seattle, WA 98101 -
Company Description
Pelago was founded in early 2006 with a DNA of innovation, customer obsession, bias for action and, of course, a relentless commitment to having fun. We’re incredibly proud of the all-superstar team we’ve assembled to date, and together, we’re pushing the boundaries in every facet of our business to develop truly creative consumer-facing products. -
Website
http://www.pelago.com
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Transaction Type
Venture Equity -
Transaction Amount
$15,000,000 -
Transaction Round
Series B -
Proceeds Purposes
In coming months, CEO Jeff Holden said, Pelago will unveil a new version of the Whrrl service that is compatible with select phones from Sprint, T-Mobile and Verizon. It also plans to unveil the Whrrl service for the iPhone. Holden said the company has been working closely with Apple as the first portfolio company in Kleiner Perkins’ $100 million iFund. -
M&A Terms
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Venture Investor
iFund -
Venture Investor
DAG Ventures -
Venture Investor
Reliance Technology Ventures Limited -
Venture Investor
Trilogy Equity Partners -
Venture Investor
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