Livescribe Secures $10 Million In Funding

Considering the economic times we find ourselves in, the following funding news is indeed good news for Livescribe. It is also good to see them talk about opening an application store later this year. I’m looking forward to hearing from Warner on how his digital note-taking experiment is going with the Livescribe notebook.

Livescribe Inc. (www.livescribe.com) announced today that it has secured $10.175 million of additional financing through an internal round led by Lionhart Investments Ltd. and Vantage Point Venture Partners.

““Despite a difficult economic and funding environment, we’re pleased to have such strong backing from the investment community,” said Jim Marggraff, founder and CEO, Livescribe, Inc. ““Already a ““must-have” product for thousands of students, doctors, lawyers, consultants, sales people, journalists, managers, engineers, and teachers, we are actively expanding the Livescribe platform in 2009, most notably with the launch of our application store in the second half of this year.”