Jambool Raises $5M Led by Madrona

Jambool, a micropayments and virtual currency startup founded in Seattle with offices in San Francisco, announced it has raised $5 million in venture funding led by Madrona Venture Group. The startup, led by Amazon veterans Vikas Gupta and Reza Hussein, raised $1 million last year from investors including Bay Partners, who also participated in the current funding round.

Gregory T. Huang is Xconomy's Editor in chief. E-mail him at gthuang [at] xconomy.com. Follow @gthuang

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