DowJones Venturewire – Polaris Wireless Nabs $10M as DFJ Exits

Polaris Wireless Inc. has raised $10 million in a Series C round to buy out one of its earliest investors and expand its location business overseas. Industry Ventures is providing the funds, which along with a debt funding and some of the profitable company's cash will buy out Draper Fisher Jurvetson , whose stake in the company had grown 26% per year since it first invested in 2001, said Manlio Allegra.