Livescribe, a US-based maker of electronic pens, has raised $39m in its series C round to take its self-declared total funding to about $100m in three years.
US telecoms provider Qualcomm joined the C round, which was led by venture capital firm Crosslink Capital, with participation from VC peers Scale Venture Partners, TransLink Capital, Presidio Ventures, Keating Capital and existing investors VantagePoint Venture Partners, Lionhart Investments and Aeris Capital.
Although the company said in a statement at the closing of the C round it had raised $100m, its only disclosed previous rounds were $7.5m raised in March last year from Aeris Capital, a Switzerland-based family office on behalf of software founder Klaus Tschira, and $11.1m in its series A round in February 2009 led by VC firm VantagePoint and hedge fund manager Lionhart.
Nagraj Kashyap, vice president of Qualcomm Ventures, the telecoms company’s corporate venturing division, said: "Livescribe’s innovative convergence of audio and writing has essentially added a new dimension to capturing and sharing information and we believe that future capabilities will enhance this experience further."
Livescribe has sold nearly 500,000 smartpens since 2008 and recently acquired Zoomii Learning to allow people 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.