Tech Company Financing Transactions

kajeet Funding Round

kajeet, based in McLean, secured $36.8 million from Threshold Ventures, Bessemer Venture Partners and Gabriel Venture Partners.

Transaction Overview

Company Name
Announced On
9/10/2007
Transaction Type
Venture Equity
Amount
$36,800,000
Round
Series B
Investors

Threshold Ventures (Lead Investor) (Randy Glein)

Bessemer Venture Partners (Ron Elwell)

Gabriel Venture Partners (Rick Bolander)

InterWest Partners

Volition Capital (David Power)

Proceeds Purpose
The funding will enable the company to continue expanding its unparalleled wireless service for tweens, teens and their parents.

Company Information

Company Status
Private & Independent
Industry
Mobile
Mailing Address
7901 Jones Branch Dr. 350
McLean, VA 22102
USA
Email Address
Overview
With kajeet, kids get a new world of mobile entertainment, customization, and communication and parents can feel good about getting a kid a cell phone with affordable rates for calls, texts, picture messaging and more with no long-term contracts, and no activation or termination fees.
Profile
kajeet LinkedIn Company Profile
Social Media
kajeet Company Twitter Account
Company News
kajeet News
Facebook
kajeet on Facebook
YouTube
kajeet on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Daniel Neal
  Daniel Neal LinkedIn Profile  Daniel Neal Twitter Account  Daniel Neal News  Daniel Neal on Facebook
Chief Operating Officer
Ben Weintraub
  Ben Weintraub LinkedIn Profile  Ben Weintraub Twitter Account  Ben Weintraub News  Ben Weintraub on Facebook
Vice President
Molly Sim
  Molly Sim LinkedIn Profile  Molly Sim Twitter Account  Molly Sim News  Molly Sim on Facebook
VP - Bus. Development
Michael Flood
  Michael Flood LinkedIn Profile  Michael Flood Twitter Account  Michael Flood News  Michael Flood on Facebook
VP - Engineering
David Pinto
  David Pinto LinkedIn Profile  David Pinto Twitter Account  David Pinto News  David Pinto on Facebook
VP - Operations
Zack Kowalski
  Zack Kowalski LinkedIn Profile  Zack Kowalski Twitter Account  Zack Kowalski News  Zack Kowalski on Facebook


 

 

Browse more venture capital transactions:

Prev: 9/10/2007: Carefx venture capital transaction
Next: 9/10/2007: CRI Technologies venture capital transaction

 

Share this article

 


Where The Data Comes From

We do our best to report on every notable VC transaction. VC investment data records reported here are sourced from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary