Telesphere Announces More Than $15 Million in New Funding

Telesphere has successfully closed on more than $15 million in additional private equity funding. The funds will be used to continue the company’s market build and acquisition-based expansion plans into multiple new markets by 2010. The round of funding includes participation of current Telesphere investors, including Rally Capital, Hawkeye Investments LLC and Greenspun Corporation. The company was represented in the financing by Snell and Wilmer, LLP
Posted on May 27, 2009  Reviews | Share |  Digg
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deltathree Secures Additional Working Capital

logo_deltathree.gifdeltathree has successfully negotiated the release of cash previously securing letters of credit held by its landlord and different suppliers. Yesterday, the company executed an agreement with the landlord and subtenant of its offices at 75 Broad Street, New York, N.Y., to release the letter of credit securing the company's obligations under the lease, and to terminate the lease. Along with the recently-negotiated release of other letters of credit held by suppliers of the company, the amount of net cash that the company is expected to imminently receive will be approximately $750,000, based on funds that were restricted as of September 30, 2008, which will provide the company additional short-term capital liquidity to fund its operations.
Posted on Nov 21, 2008  Reviews | Share |  Digg
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InterAct911 Completes $28 Million in Financing

InterAct911 has closed on a $28 million equity round of capital led by new investors Foundation Capital and Bay Partners, joining existing investor SilkRoad Equity. Plans for the current round of capital include a significant expansion of InterAct’s worldwide direct sales and marketing efforts, strategic acquisitions and new product development. Warren Weiss, general partner of Foundation Capital, and Eric Chin, general partner of Bay Partners, will join the company’s board of directors.
Posted on Nov 19, 2008  Reviews | Share |  Digg
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LiveVox Increases IT Capacity and Company Growth

Livevox_logo.gifLiveVox has continued investment into its information technology infrastructure, increasing its already robust capacity by more than 50% in the past six months to maintain its solid standard of customer reliability.

LiveVox also announced it increased its customer base in the credit and collections industry by 84% in the third quarter of 2008, compared to the corresponding quarter last year, as it continues to focus on the third-party collections market.
Posted on Nov 10, 2008  Reviews | Share |  Digg
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Nimbuzz Raises $15 Million in Second Round Funding

Nimbuzz-Logo.pngNimbuzz raises $15 million Second Round funding. The new round of funding was led by Naspers/MIH with Nimbuzz's other major existing investor Mangrove Capital Partners also participating. Nimbuzz will use this latest funding to continue to develop its product offering into the most comprehensive and user friendly application for the widest range of handsets, across multiple IM and Social Network communities and in any country.

Founder and CEO Evert Jaap Lugt commented: "We are actively working on strategic distribution deals with leading social networks and mobile operators. It is our aim to blend our technology with existing mobile internet access to upgrade the value chain for business and consumers alike. Operators understand the need for services like Nimbuzz which provide traffic and drive the demand for mobile data plans, an ever more important revenue stream."
Posted on Jul 02, 2008  Reviews | Share |  Digg
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Jaxtr Raises $10M, Out of Network Calling

jaxtr_logo.jpgJaxtr introduces the freedom for members to call anyone in the world on their mobile phone without the worry of a huge bill, the hassle of calling cards, or downloading software to their mobile phone. In addition to the ability to make free in-network calls, jaxtr members can now call anyone in the world from their mobile phone for substantially less than the rates charged by most calling cards. In addition, members can make calls with the convenience of direct-dial numbers, which eliminate the hassle of access and PIN numbers required by calling cards. Jaxtr is currently used by more than 10 million users in 220 countries.
Posted on Jun 24, 2008  Reviews | Share |  Digg
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RingCentral Secures $12 Million, Passes 50,000 Customer Milestone

Grow your business.  Try RingCentralRingCentral has closed its series B funding, raising $12 million from new lead investors DAG Ventures and NCD Investors and returning investors Sequoia Capital and Khosla Ventures. RingCentral also announced that it surpassed 50,000 active customer accounts, doubling its customer base in one year. Accounts range from one to many subscribers, typically in small businesses with 20 or fewer employees.

The company will use the new funding to enhance its products and services, build new partnerships and distribution channels and increase awareness among its large and growing base of small business customers.
Posted on Mar 04, 2008  Reviews | Share |  Digg
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