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Article: Chumby Industries Secures $12.5 Million in Series B Funding.
- Article from:
- Business Wire
- Article date:
- March 31, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Marc Sokol of JK&B Capital Joins Board of Directors
SAN DIEGO -- Chumby Industries announced today it secured $12.5 million in Series B financing. The lead investor was JK&B Capital, and other participants included existing venture investors, Avalon Ventures, Masthead Venture Partners and O'Reilly AlphaTech Ventures (OATV). The Series B financing will be used to accelerate growth of the company, and expand and broaden the Chumby Network[TM] to other screen-based Internet connected devices.
"We are pleased to receive this financing which will enable us to execute our vision and grow distribution of the Chumby Network," said Stephen Tomlin, CEO and ...