Peel Closes $16.7M

Santa Clara, Calif.-based Peel, the maker of a television recommendation application for the iPhone, has closed on $16.7 million in Series B financing. Menlo Park, Calif.-based Lightspeed Venture Partners led the round, which included participation from existing investors including Redpoint Ventures. The company will use the money for expansion of its platform and application.

3 May 2011•3 mins read
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