VC: Vonage breaks the VC bank with $200M round



Wireless venture capital activity this week totaled $236.3 million. This is a dramatic increase from the $46.6 million total we reported on May 5, and up from the $32.81 million total we reported on April 21. The bulk of this week's investments, though, went to one company: VoIP service provider Vonage.

VENTURE CAPITAL

COMPANY

AMOUNT/ROUND

LEAD INVESTORS

DESCRIPTION

Vonage
Edison, NJ

$200M
undisclosed

Bain Capital

Vonage is one of the VoIP market's leaders, claiming a subscriber base of 650,000 while adding 15,000 lines per week.

Outsmart
Israel

$17M
undisclosed

Accel Partners, Gemini Israel Funds and Magnum Communications

Outsmart provides fixed-mobile convergence and intelligent networks solutions for landline and wireless carriers and service providers.

fastmobile
Chicago

$12M
second round

Doll Capital Management (DCM) and Walden International

Fastmobile's solutions include multimedia Instant Messaging and push-to-talk, and presence-based address book applications, instant media and content exchange, and multimedia mobile blogging and community applications.

Nellymoser
Arlington, MA

$5.3M
undisclosed

Softbank Capital

Nellymoser's technology powers the Warner Mobile Music Streaming Jukebox, which launched last year on AT&T Wireless' mMode service.

Sennari
Los Angeles

$2M
seed round

Novak Biddle Venture Partners and Blacksmith Capital

Sennari is developing solutions that let carriers manage mobile media relationships.

Sponsored by ADI

What if we were never truly alone? Our next-gen communications technology can help people in even the most remote places stay connected.

What if there were no ocean, desert, mountain or event that could ever keep us from telling our stories, sharing discoveries or asking for help? ADI’s next-gen communications technology could keep all of us connected.

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