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Montlake Capital Completes Investment in


October 21, 2010 - We are pleased to announce that Montlake Capital II has completed a growth investment in Contour (www.contour.com). Contour is the market leader in hands-free video cameras and adventure storytelling tools that enable modern day explorers to tell their stories of action, adventure and travel through video. Leading the way in making action video easy to shoot and share, Contour is dedicated to creating simple tools that enable hands-free capture and effortless sharing of video online with the world.
Montlake Capital invested $2.5 million and co-led the $5 million Series B growth round alongside Black Oak Capital Partners. Montlake Capital has a long history of investing in and building consumer product brands and Managing Director Dale Vogel looks forward to joining Contour's board of directors.
The vision for Contour began in 2003 out of the University of Washington business plan competition when two undergraduate students and avid skiers, Marc Barros and Jason Green, devised a simple helmet camera to record their exploits. The company has since created the world's first high-definition mountable camera, the world's first wearable GPS video camera and a unique video community that allows users to share their experiences in an online international adventure sports community. The company has grown rapidly since inception, and we are pleased to provide funding for continued growth.
Contour will give a brief presentation at Montlake Capital's Annual Meeting on November 9th. We look forward to sharing more information with you about the company at that time.
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For more information about Montlake Capital and all of our portfolio companies, please visit our website at www.montlakecapital.com or contact us at (206) 956-0898. |