Tech Company Financing Transactions
Pelago Funding Round
On 5/27/2008, Pelago raised $15 million in Series B funding from Bezos Expeditions, DAG Ventures and iFund.
Transaction Overview
Company Name
Announced On
5/27/2008
Transaction Type
Venture Equity
Amount
$15,000,000
Round
Series B
Investors
Proceeds Purpose
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.
Company Information
Company Status
Acquired or Merged
Industry
Internet & IoT
Mailing Address
1201 3rd Ave. 800
Seattle, WA 98101
USA
Seattle, WA 98101
USA
Phone
Website
Email Address
Overview
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.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jeff Holden
VP - Engineering
Jeff Ayars
VP - Product Management
John Kim
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