Jawbone,
an innovator in products and services for the mobile lifestyle, announced it
has secured a combined $40 million in funding from Deutsche
Telekom, Kleiner Perkins Caufield & Byers, private
investor Yuri Milner, and investors advised by J.P. Morgan Asset
Management.
The
new capital brings Jawbone’s funding from investors to date close to $210
million.
“We
are experiencing fantastic growth and the worldwide demand for our mobile
lifestyle products and services is unprecedented. This new group of investors –
with their world-class expertise in mobile, consumer Internet and technology,
and international markets – will help us achieve the next level of expansion,”
said Hosain Rahman, CEO of Jawbone.
This
investment will help the company’s expansion of its end-to-end offerings and
its global footprint. Deutsche Telekom, with its presence in over 50
countries worldwide, is Jawbone’s key strategic and lead carrier partner for
Jawbone’s European expansion.
“We’re
thrilled to be launching our products in Europe with Deutsche
Telekom. Having the support of Kleiner Perkins Caufield &
Byers’ Mary Meeker, who has predicted and helped guide some of the biggest
technology trends in history; Bing Gordon, who is a master when it comes to
engaging software and services; and Yuri Milner, who is a leading
international investor with deep knowledge of building successful global
companies, further sets us up for success. Working together, we’ll keep pushing
the boundaries to deliver compelling solutions for the mobile lifestyle, on a
global scale,” Rahman added.
The
new backers join Jawbone’s existing investors: Andreessen Horowitz, Khosla
Ventures, Sequoia Capital, and investors advised by J.P. Morgan Asset
Management.
By Telecomlead.com Team
editor@telecomlead.com
