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
|
$200M
|
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
|
$17M
|
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
|
$12M
|
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
|
$5.3M
|
Softbank Capital |
Nellymoser's technology powers the Warner Mobile Music Streaming Jukebox, which launched last year on AT&T Wireless' mMode service. |
|
Sennari
|
$2M
|
Novak Biddle Venture Partners and Blacksmith Capital |
Sennari is developing solutions that let carriers manage mobile media relationships. |