August 18th, 2009 by admin
ATLANTA, GA–(Marketwire – August 19, 2009) – If you've been in a restaurant or retail store around Atlanta and accessed the Internet while you were there, chances are you've been introduced to SkyBlox. Started in early 2008 by members of the former EarthLink Wi-Fi team, SkyBlox quickly became the largest provider of Wi-Fi in Atlanta with additional operations in Austin, Chicago & Denver. SkyBlox manages a first-of-its-kind mobile platform that allows local businesses to communicate with their mobile customers in real time.
SGIO LLC, a private equity investment firm specializing in early-stage technology focused startups, invested an undisclosed amount. DLA Piper advised SkyBlox on the transaction.
SkyBlox used Twitpay, another Atlanta-based startup, to facilitate a portion of the investment. This makes SkyBlox the first company ever funded via Twitter, the hugely successful social media platform. “SkyBlox's concept of combining wireless and local content has proven to be an innovative model. Using Twitter for this transaction is just another example of their creative approach,” said Lance Weatherby, an ATDC Startup Catalyst.
“We've been using Wi-Fi for the past year to make our mark on the local online space. This investment allows SkyBlox to build an even more powerful platform to capitalize on the growth of mobile devices and create a sustainable local online business model,” says SkyBlox Founder & CEO Dave Payne.