Despite recent rumors that voicemail-to-text firm SpinVox had tapped Goldman Sachs to pursue an initial public offering for the company, SpinVox announced today that it had raised more than $100 million in funding from Goldman Sachs Group and other institutional investors. SpinVox said it has no plans at this time for an IPO. The funding round brings SpinVox's valuation up to more than $500 million, according to CEO and co-founder Christina Domecq. The company plans to use the money to increase presence in North America and expand its services to include more languages.
For more on SpinVox's funding news:
- read this press release