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August 29, 2011 06:09 pm GMT

Zeebo Raises $17 Million For Interactive Entertainment, Education Platform

zebboZeebo, a company with the ambitious goal of "helping the next billion play, learn and connect", has raised $17 million in equity funding according to an SEC filing.When the company was founded, the company's stated intention was to create an cheap game console with affordable games and educational content delivered via wireless digital distribution (to circumvent piracy). The Zeebo was targeted at developing markets such as BRIC countries (Brazil, Russia, India and China) and Mexico.

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