Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b29b7170-cb85-417c-9fda-6269d6a2a2a0&Preview=1
Date 5/27/2008
Company Name Pelago
Mailing Address 1201 3rd Ave. Seattle, WA 98101
Company Description Pelago was founded in early 2006 with a DNA of innovation, customer obsession, bias for action and, of course, a relentless commitment to having fun. We’re incredibly proud of the all-superstar team we’ve assembled to date, and together, we’re pushing the boundaries in every facet of our business to develop truly creative consumer-facing products.
Proceeds Purposes In coming months, CEO Jeff Holden said, Pelago will unveil a new version of the Whrrl service that is compatible with select phones from Sprint, T-Mobile and Verizon. It also plans to unveil the Whrrl service for the iPhone. Holden said the company has been working closely with Apple as the first portfolio company in Kleiner Perkins’ $100 million iFund.