Contrary to earlier reports (including our own), former set-top-box-maker-turned-white-label-video-service Akimbo raised just $4 million in its latest round of financing. According to Thomas Frank, Akimbo CEO, the initial $8 million was a typo that got perpetuated. All investors except for Cisco returned for this latest round, including AT&T, Blueprint Ventures, Draper Fisher Jurvetson, Kleiner Perkins Caufield & Byers, Sprout Group and Zone Ventures. Frank said that in total, Akimbo has raised $47 million.
Subscriber content
?
Subscriber content comes from Gigaom Research, bridging the gap between breaking news and long-tail research. Visit any of our reports to learn more and subscribe.
Advertisement
Advertisement
Advertisement
["wijax_349e055f60fa725fab4dca658623173b","wijax_933daa1d2ef9410685694b0b8c34b311"]
{"source":"https:\/\/gigaom.com\/2008\/03\/06\/update-akimbo-actually-raised-4-million\/wijax\/49e8740702c6da9341d50357217fb629","varname":"wijax_0a71d46376a0095878bf08c046aa7d79","title_element":"header","title_class":"widget-title","title_before":"%3Cheader%20class%3D%22widget-title%22%3E","title_after":"%3C%2Fheader%3E"}
{"source":"https:\/\/gigaom.com\/2008\/03\/06\/update-akimbo-actually-raised-4-million\/wijax\/49e8740702c6da9341d50357217fb629","varname":"wijax_0a71d46376a0095878bf08c046aa7d79","title_element":"header","title_class":"widget-title","title_before":"%3Cheader%20class%3D%22widget-title%22%3E","title_after":"%3C%2Fheader%3E"}
Comments have been disabled for this post