Livescribe Secures $39M in Series C Financing

Livescribe Inc., an Oakland, Calif.-based manufacturer of smartpens, secured $39m in Series C financing.
The round, which brought the total capital raised by the company to date to approximately $100m, was co-led by Crosslink Capital and Scale Venture Partners, with participation from Qualcomm, TransLink Capital, Presidio Ventures, Keating Capital, VantagePoint Venture Partners, Lionhart and Aeris Capital.
In conjunction with the financing, Michael Stark, co-founder of Crosslink Capital, and Rory O’Driscoll, managing director of Scale Venture Partners, joined Livescribe’s board of directors.
This latest funding, which follows the recent launch of the company’s next-generation smartpen, Echo, will allow Livescribe to expand into new markets, advance its technology platform in the area of communication and collaboration and enable more integration with existing workflows and applications. This includes software and tools developed by recently acquired Zoomii Learning, Inc., which allows consumers, educators and business professionals to share notes and audio from paper as an interactive Pencast PDF and send via e-mail or integrate directly with online applications and services including Google Docs and Facebook.

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