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Kajeet Receives $10 Million Debt Funding

Thursday, January 10, 2008 6:07:00 AM PDT | VentureDeal Staff

BETHESDA, MD -- Mobile phone provider kajeet announced that it has secured $10 million in a new round of venture debt funding.

Kajeet is a pay-as-you-go mobile virtual network operator providing a service aimed at the youth market.  The company offers a wide array of services such as kid-friendly entertainment, customization and flexible calling plans.

BlueCrest Capital Finance, LP provided the debt funding.  Kajeet has previously raised nearly $64 million in venture capital funding.

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