Pixate Obtains $3,800,000 Series A Financing

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ae854c43-2a96-440a-aa81-23090cb53ffa&Preview=1
Date
7/3/2013
Company Name
Pixate
Mailing Address
Undisclosed Palo Alto, CA 94301
Company Description
Pixate was founded in May 2012 by Paul Colton and Kevin Lindsey with the goal of enabling designers and developers alike to quickly and easily create beautiful, native mobile interfaces. Pixate was a Y-Combinator Summer 2012 participant, and also raised funding through a successful Kickstarter campaign in 2012.
Website
http://www.pixate.com
Transaction Type
Venture Equity
Transaction Amount
$3,800,000
Transaction Round
Series A
Proceeds Purposes
The company plans to hire aggressively to expand platform support and develop for Android, creating a seamless UI framework for developers to push changes on both mobile operating systems.
M&A Terms
Venture Investor
Accel Partners
Venture Investor
Undisclosed