Pebble struggling to secure new funding in wake of Apple Watch, rumor claims

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Silicon Valley venture capitalists are reportedly turning down requests from smartwatch maker Pebble for funding, leading to speculation that the company may be struggling following the launch of the Apple Watch.

Citing sources close to the company, TechCrunch reported on Wednesday that Pebble instead obtained a $5 million loan and another $5 million line of credit from a bank, after efforts to secure venture capital funding were denied.

Read more: Pebble struggling to secure new funding in wake of Apple Watch, rumor claims

Story added 20. May 2015, content source with full text you can find at link above.