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Summary:

Digital gifting platform gBox has raised $5 million in a first round of funding. Unspecified private investors in the U.S. led 80 percent of…

imageDigital gifting platform gBox has raised $5 million in a first round of funding. Unspecified private investors in the U.S. led 80 percent of the round, with European backers supplying the remainder, according to VentureWire. The Cupertino, Calif.-based startup will use the funds to grow beyond distributing music and user wishlists: founder and CEO Stefan Roever told VentureWire the planned gBox platform would act as an online marketplace for content owners, publishers and users. gBox would make money by charging transaction fees whenever a user purchased a piece of content — be it video, music, a game or other document — from a participating vendor. Launched in 2006, gBox got angel funding in early 2008.

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  1. One such online marketplace for premium content providers and Web users already exists (in private beta) — it is called Znak it!

    Znak it (www.znak-it.com) is one of the sponsors of 2009 Web 2.0 Expo in San Francisco (March 31-April 3) where it will show the newest version of its platform. Znak it! is also actively looking for partners-investors to introduce its technology and services in several regions of the world.

  2. gBox parent raised over 25 million or so a few years ago – so saying they got angel funding is not exactly the truth – Navio never worked out.

    Stefan then spun out gBox to this new spin on gBox – UMG played in that sandpit – buying adwords on Google – did quite work out eithert..

    Navio Systems raises $25.4M in funding
    Wednesday, November 9, 2005
    Navio Systems Inc. said on Wednesday it has raised $25.4 million in a second round of funding.
    http://sanjose.bizjournals.com/sanjose/stories/2005/11/07/daily28.html

    The also tried to sell gBox after that ad-word spend bullshit – but the buyers backed out –
    http://www.techcrunch.com/2008/05/01/eforce-global-acquires-gbox/
    eFORCE Global Acquires gBox
    by Jason Kincaid on May 1, 2008

    There is more to this 6 million funding that meets the eye – probably folding in Navio assests into gBox – do a down round and taking another shot at it. This may be the graceful exit of Navio.. Same crew ( minus about 80 percent of that staff since 2005) – is also running gBox.

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