Zoom Systems Raises $6.3 Million Series A Led by Sierra Ventures

Funding Rounds

▤ Summary

Joining current board members and Co-Founders Gower Smith and Michael Gill are Bruce Quinnell, former President, COO and Vice Chairman of Borders Group, Inc. (NYSE:BGP) and Chairman of Hot Topic (Nasdaq:HOTT), Jeff Loomans, a Venture Partner with Sierra Ventures and David Schwab, a General Partner with Sierra Ventures. The company has a distinct first-mover advantage with significant IP, a large market and a great team," said Loomans. A Zoom shop is a stand alone retail store with more than 100 products where consumers select items via an interactive touch screen. Zooms patented proof of delivery system ensures that products are delivered before credit or debit card payment is processed. Each shop is centrally controlled using a network management system that constantly provides sales, inventory and operational data.

$ Funding

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Amount $6.3M Total raised
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Date October 12, 2004 Announcement date
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Investors Microsoft Accelerator - Tel Aviv, Sierra Ventures, ZoomSystems, Mozilla Foundation Lead investors
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Company http://www.zoomsystems.com Funded company

▥ Classifications

industries
Media and Publishing
applications
Anti Piracy

◇ AskAI Classifications

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▦ Linked Companies

Mozilla
$250M to $500M