VoIP Provider Voxeo Raises $9 Million For New Tech, Acquisitions
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Voxeo, a VoIP and automated voice calling service company, has raised $9 million in funding. The new money comes from North Atlantic Capital and the Florida Growth Fund, a JV fund between the State Board of Administration of Florida and PE firm Hamilton Lane. Voxeo will use the investment to continue developing its suite of web-based and mobile voice communications tools, as well as acquisitions. It previously raised at least $10 million in funding from Crosspoint Venture Partners, Mayfield Associates and private investors.
Founded in 1999, Orlando-based Voxeo offers both licensed and hosted, SaaS versions of its VoIP, SMS, and IM-based platforms; companies use its tools for automated customer service calls, among other things. It acquired Motorola’s VoiceXML browser, which allows voice-based communication between humans and computers, in October, and IM provider IMified, in May. Voxeo says it has been profitable since 2004, with additional offices in Beijing, Cologne and London.
Posted In: Mobile, Money, M&A & Venture Capital, Venture Capital, Technologies / Formats, SMS, voip
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