Jawbone Gets $40 Million
Gail Chiasson, North American Editor
During the holidays, we found that mobile companies were continuing to rake in investment dollars, with the latest we noticed being Jawbone, a San Francisco-based mobile products and services company.
Jawbone has raised $40 million in funding from a combination of Deutsche Telekom, Kleiner Perkins Caufield & Byers, private investor Yuri Milner, and investors advised by J.P. Morgan Asset Management. These investors join Andreessen Horowitz, Khosla Ventures, Sequoia Capital and investors advised by J.P. Morgan Asset Management, and collectively bring Jawbone’s funding to nearly $210 million.
The company plans to broaden its offerings and expand its global footprint.
In November Jawbone released Up, a new type of product for the company. The Up system is a wristband and an iOS app that together track the user’s daily activity, sleep patterns and eating habits to help attain a healthier lifestyle. We understand that, while some of the initial wristbands failed, Jawbone emerged relatively unscathed by quickly acknowledging the problem and offering no-questions-asked replacements.
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