Livescribe raises Series B funding of $7.5 million by Aeris Capital, a private Switzerland-based investment company. Livescribe also secured $11.1 million in its Series A round last month led by Vantage Point Ventures Partners and Lionhart Investments Ltd., raising a total of $18.6 million in funding within the first quarter of 2009.

Key initiatives in 2009 include the launch of an online application store, major domestic and international expansion, and new emphasis on mobile professional needs and feature enhancements to capitalize on rapid early market adoption in this segment.

“In a time when investment companies are closely scrutinizing even some of the most promising start-ups, Livescribe comes across as an obvious winner,” said David Hartford, managing director, Aeris Capital.

Since the launch of the Pulse smartpen, Livescribe has also experienced rapid market adoption in specific industries and professions that were initially not targeted by the company. In response to this strong early interest, Livescribe is increasing its focus towards professionals in healthcare, law, journalism, education, and sales.

Livescribe is also broadening U.S. distribution with key retail partners to meet growing demand for its Pulse smartpen platform. To meet international customer demand outside the United States, Livescribe is expanding its business and marketing support into new markets through partnerships in Australia, Korea, Singapore, Malaysia and the United Kingdom.

Located in Oakland, Calif., Livescribe has developed a new low-cost mobile computing platform that enhances productivity, learning, communication and self expression for anyone that uses pen and paper.