Mobile products and services company Jawbone announced a combined $40 million in funding from 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 said it is now well-positioned to broaden its offerings and expand its global footprint. Deutsche Telekom is Jawbone’s key strategic and lead carrier partner for Jawbone’s European expansion, a relationship that affects the 50 countries where the telco has operations.
“We are experiencing fantastic growth and the worldwide demand for our mobile lifestyle products and services is unprecedented,” said Hosain Rahman, chief executive officer of Jawbone. “This new group of investors – with their world-class expertise in mobile, consumer Internet and technology, and international markets – will help us achieve the next level of expansion.”
Jawbone in November 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. Although some of the initial wristbands failed, Jawbone emerged relatively unscathed by rapidly acknowledging the problem and offering no-questions-asked replacements.
“We’re thrilled to be launching our products in Europe with Deutsche Telekom,” Rahman said. “Having the support of Kleiner Perkins Caufield & Byers‘ Mary Meeker, who has predicted and helped guide some of the biggest technology trends in history; Bing Gordon, who is a master when it comes to engaging software and services; and Yuri Milner, who is a leading international investor with deep knowledge of building successful global companies, further sets us up for success. Working together, we’ll keep pushing the boundaries to deliver compelling solutions for the mobile lifestyle, on a global scale.”
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