iBloks Secures $3 Million Investment From Maveron LLC; Delivers Windows XP Consumer Beta With the Opening of a Digital Media Download Shop
|Funding to Support iBloks Continued Growth and Further Development of Its Unique Personalized Entertainment(TM) Platform|
“We are excited to leverage Maveron's rich expertise in developing exceptional consumer experiences to accelerate the ways in which consumers can create and unleash the digital media locked in their computers and share their experiences in powerful, emotive ways”
iBloks, creator of new self-expression software that addresses people's desire to personalize their digital media, today announced that it has secured $3 million in Series B funding from Maveron LLC, the investment company created by Starbucks Chairman Howard Schultz, and Dan Levitan, the former managing director at Schroder Wertheim & Co. Jonathan Fram, former CEO of NET2Phone, will lead the investment for Maveron. iBloks will use the funding to further develop its application so consumers can expand the way they express themselves with rich digital media using the ultimate personalized entertainment platform.
iBloks, which first shipped its consumer beta version of iBloks on Windows Vista on May 23, released its consumer beta application for Windows XP on June 21. This included the opening of the iBloks download shop which provides customers free and paid premium content and mods, digital music, videos and games and establishes a revenue stream for the company.
"The addition of iBloks to our growing list of digital media companies creates yet another opportunity to make an impact and to take the lead in driving the development of the digital media space. As the industry continues to make dramatic shifts toward social networking and communication, iBloks is at the forefront of this phenomenon with their approach to deliver a rich and interactive customer experience," said Jonathan Fram, managing partner at Maveron. "iBloks is positioned to be the standard in personalized entertainment, and the company is poised to dominate this new trend for digital media and gaming enthusiasts."
iBloks is a totally immersive experience where people can mix media together, save personalized iBloks and then share their creations via email, IM, Web pages or blogs. iBloks offers social innovation that's fun, easy and a totally new way for people to express themselves.
"We are excited to leverage Maveron's rich expertise in developing exceptional consumer experiences to accelerate the ways in which consumers can create and unleash the digital media locked in their computers and share their experiences in powerful, emotive ways," said Julia Miller, CEO and president of iBloks. "iBloks is the first vehicle to allow people to mix together all forms of digital media in one unique application in a media-rich, 3D environment and is one of the first commercial applications to integrate Microsoft's Windows Presentation Foundation to increase the visual quality and experience of software experiences for people. This is the start of a number of 'firsts' as we continue to drive and define this new wave of social innovation."
Headquartered in Seattle, Washington, Maveron LLC is a leading venture capital firm. Founded in 1998, Maveron's mission is to partner with entrepreneurs in the creation of extraordinary companies across the Consumer Continuum(TM) in order to generate outstanding financial returns. Maveron invests up to approximately $20 million in its portfolio companies and looks to partner with a small number each year. For more information about Maveron, visit www.maveron.com.
Founded in 2005, iBloks' mission is to revolutionize personalized entertainment(TM) and self expression. At the heart of the company's solutions is its self-expression software, which provides digital building blocks for entertainment and fun via the concept of Mix.Share.Play.(TM) The company was founded by entertainment and software industry veterans from Apple, Microsoft, Xbox Live, and MongoMusic, and is funded by entertainment industry executives from Warner Music, DreamWorks, Maverick Records, and GUESS?. For additional information, please visit iBloks at: http://www.ibloks.com.
Personalized Entertainment and Mix.Share.Play.(TM) are trademarks of iBloks.
All product and company names mentioned herein may be trademarks of their respective owners.