Xconomy Seattle

Blue Kai, Inc. Secures $10,500,000 Series B Funding Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8781001c-838d-4984-ba53-1fb6d8ebc3a5&Preview=1
Date
12/16/2008
Company Name
Blue Kai, Inc.
Mailing Address
170 120th Ave Bellevue, WA 98005
Company Description
Blue Kai is developing an online marketplace based on relevant marketing.
Website
http://www.bluekai.com
Transaction Type
Venture Equity
Transaction Amount
$10,500,000
Transaction Round
Series B
Proceeds Purposes
The new funds will be used for “more investment in the product” and sales teams—to do things like add new categories and get more visibility. There will be modest growth in the staff.
M&A Terms
Venture Investor
Redpoint Ventures
Venture Investor
Battery Ventures