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Chumby Collects More Venture Capital Debt

Thursday, May 19, 2011 5:36:00 AM PDT | VentureDeal Staff

   San Diego, California  --  Electronics company Chumby Industries has raised $1.5 million out of a $3 million venture capital debt round, according to an SEC regulatory filing.

Chumby has created a compact device that wirelessly connects to the web and provides a variety of news and other information for consumer purposes.

Investors in the financing were not disclosed, nor was how the company intends to use the funding proceeds.

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