Keating Capital Makes Investment in Stoke
Keating Capital, Inc. (Nasdaq: KIPO) (www.KeatingCapital.com) announced it made a $3.5 million investment in the common stock of Stoke, Inc. (“Stoke”). 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 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.
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