Filed in archive Venture Capital by tj on July 15, 2004

Akimbo a company that streams independent media through the net has raised US$ 12 million. Akimbo had been my obvious favorite at the Demo 2004 reports. Seems someone was faster than I :)

"Startup Akimbo said Monday it has raised $12 million in series B funding for its video on demand service, which it said will be available this summer. The lead investor was venture capital firm Kleiner Perkins Caufield & Byers. Others included Draper fisher Jurvetson, Sprout Group and Zone Ventures. The company also said William R. Hearst III, a partner at Kleiner, joined the company as its chairman.

Akimbo's service allows subscribers to download video content from the Internet using its player. The player will cost $229.99 and the monthly service fee will be $9.99."

Related Entries:

shoes online? - 04 February 2005
Akimbo TV Not Ready for Prime Time - 30 May 2005
The New York Times Not Too Pleased With Akimbo TV - 08 June 2005
Akimbo Cuts Prices - 06 July 2005
Akimbo with $15.5m round - 27 June 2006

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Permalink: Akimbo with investment

Tags: streaming akimbo investment entrepreneurship venture venture+capital please+enter germany+samwer

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Vote for Akimbo with investment:

Currently 7.33/10
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Rating: 7.33 out of 3 vote(s) cast.

Response from: Martino Mingione (02/05/05 8:06pm)

I am connected to the cable television industry and have increasingly become more interested in Akimbo's business model. Would you know if they have met success in the last three months since selling their units on Amazon.com?

I think that either number of boxes sold or monthly subscribers might give a clue about consumer acceptance.

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