Thursday, May 5, 2011

GoPro Boosted By Steamboat, Others

GoPro, the maker of wearable, action sports cameras, which has operations in San Diego, has scored a strategic investment which includes the involvement of Burbank Steamboat Ventures, GoPro said today. GoPro said it received a "substantial" strategic investment which included Riverwood Capital, Steamboat Ventures, Sageview Capital, Walden International, and U.S. Venture Partners. Amount of that funding was not announced. AS part of the funding, Steamboat's Laskey, Riverwood's Michael Marks, and Sageview's Ned Gilhuly will all join the company's board of directors. GoPro also has operations in San Diego, and also recently acquired San Diego's Cineform. The investment involvement of the firms had been disclosed in April in a WSJ article. GoPro's headquarters are in Half Moon Bay. The firm's cameras mount onto helmets, surfboards, skis, and more. More information »

---