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Akimbo Systems Secures $8 Million Venture Capital

Monday, March 03, 2008 5:36:00 AM PDT | VentureDeal Staff

SAN MATEO, CA -- Digital media company Akimbo Systems has raised $8 million in a fourth round of venture capital financing, according to a report in PE Hub.

Akimbo has developed a turnkey video on demand (VOD) Internet-based system for content owners to provide their customers or visitors with streaming video.

Investors in the round included previous investors AT&T, Blueprint Ventures, Draper Fisher Jurvetson, Kleiner Perkins Caufield & Byers and Zone Ventures.  The report did not disclosed how the company would use the funding proceeds.

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