kajeet raises another cool million

The good news seems to continue coming for kajeet, the cell phone service for teens. Last week they announced availability on Amazon.com. Word comes now that the company has raised another million in its second round of funding. While this latest total might not seem like a lot, it brings their total to over $68 million in venture financing.

The article also mentions that the company has secured $10 million in venture debt from BlueCrest Capital Finance. If this isn’t a familiar term to you, you can read about venture debt here.

While it seemed kajeet had a setback this year, slashing a portion of its workforce, things look bright for the MVNO. In addition to the Amazon deal, they’ve also won an MVNO service innovation award. If I was a betting man, I’d guess that holiday sales will be fairly strong for them.

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