An investor in Livescribe had written down its Series C investment by 67 percent as of March 31 in a possible sign of waning investor enthusiasm for the maker of gee-whiz, audio-recording pens. What, precisely, is the pen mightier than?
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You wouldn’t know the IPO market remains so sluggish — not by the new $39 million Series C just closed by Livescribe, the Oakland-based maker of two so-called smartpens, the Echo and Pulse. The round — led by Crosslink Capital, with participation from Scale Venture Partners, Qualcomm, TransLink Capital, Presidio Ventures, Keating Capital and existing investors VantagePoint Venture Partners, Lionhart, and Aeris Capital – not only enticed an almost ridiculous number of investors; it brings the company’s total funding to a stunning $100 million. Livescribe is just three years old.
Livescribe Inc., an Oakland-based developer of a pen with an onboard computer, has raised $7.5 million in additional Series D funding from Aeris Capital. It had previously held an $11.1 million first close, from Lionhart Investments Ltd. and VantagePoint Venture Partners. Livescribe has now raised over $53 million in total funding, from Aeris, Lionhart, VantagePoint, Blueprint Ventures, Greenhouse Capital Partners and several family offices.
Livescribe Inc., an Oakland-based developer of a pen with an onboard computer, has raised $10.175 million in fourth-round funding co-led by return backers Lionhart Investments Ltd. and VantagePoint Venture Partners. The company previously raised around $35 million, from Lionhart, VantagePoint, Blueprint Ventures, Greenhouse Capital Partners and several family offices.
Livescribe — which makes a revolutionary pen with an onboard computer — raised a total of $7M for its third round and will go back out in the fall for a fourth round in the “$20 millionish range,” according to a source familiar with the latest deal. Blueprint Ventures led the round and was joined [...]
Livescribe, a startup that’s trying to bring the pen into the digital age, just quietly raised a new, $6.4 million round of funding, including from VantagePoint Venture Partners, according to a regulatory filing. The capital brings the amount raised by the 20-month-old, Oakland, Calif.-based company to a stunning $34.5 million. The company is arranging for [...]