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Boku Banks $35 Million VC Funding

Friday, March 16, 2012 5:54:00 AM PDT | VentureDeal Staff

  San Francisco, California  --  ECommerce technology company Boku has secured $35 million in venture capital financing.

Boku is developing technology that it says brings "bank-grade payments technology and mobile users together."

Investors in the round included New Enterprise Associates, Telefonica, Andreessen Horowitz, Benchmark Capital, DAG Ventures, Index Ventures and Khosla Ventures.

The company said it would use the financing to expand its team, continue its infrastructure development and finance its global expansion.

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