deals, Venture Capital, Software

Jambool Raises $5M Led by Madrona

Gregory T. Huang 8/18/09

Jambool, a micropayments and virtual currency startup founded in Seattle with offices in San Francisco, announced it has raised $5 million in venture funding led by Madrona Venture Group. The startup, led by Amazon veterans Vikas Gupta and Reza Hussein, raised $1 million last year from investors including Bay Partners, who also participated in the current funding round.

Gregory T. Huang is the Editor of Xconomy Seattle. You can e-mail him at gthuang@xconomy.com or call 206-624-2249.