Updated: Akimbo Retools, Again; $4 Million In New Funding

By Rafat Ali Feb. 29, 2008, 9:29pm Comments Off

Akimbo, the once-online-to-tv video provider which retooled after dumping the box it was selling, has retooled again, and this time has added more money (via NTV). Now it is offering a white-label service to publishers, done by tons of others on the space, which has “a comprehensive advertising system and supports multiple business models including ad-supported, transactional, subscription, download-to-own, download-to-burn, pay-per-minute, gift cards, account credits and more.” Sounds like every other solution out there.

Also, the San Mateo-based company has raised new money from investors including Draper Fisher Jurvetson, Kleiner Perkins Caufield and Byers, and Zone Ventures, though exact amount is not known. Previous investors in the company include AT&T (NYSE: T) and Cisco.

Update: The round was for $4 million, according to NTV. All investors except for Cisco (NSDQ: CSCO) returned for this latest round, including AT&T, Blueprint Ventures, Draper Fisher Jurvetson, Kleiner Perkins Caufield & Byers, Sprout Group and Zone Ventures. Total funding till now is $47 million.