Keating Capital Inc. (KIPO) announced it made a $3.5 million investment in the common stock of Stoke Inc. The investment, which was facilitated by Stoke, was structured as a secondary purchase of common shares from certain Stoke employees. Stoke did not issue any new securities or receive new capital in conjunction with this secondary transaction.
Keating Capital said it was the sole investor in this common stock transaction and now joins existing holders of preferred stock Kleiner Perkins Caufield & Byers, Sequoia Capital and Docomo Capital as investors in Stoke.
Founded in 2004 and headquartered in Santa Clara, California, Stoke is a systems designer and equipment manufacturer for mobile communications infrastructure networks. Stoke's hardware systems for 3G, 4G, and Wi-Fi mobile carrier networks are designed to improve speeds and make networks more secure.
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