
Tuesday, November 13, 2007
Vivox chats up VCs for $7.8M second round
Framingham's Vivox Inc., a provider of voice over Internet protocol (VoIP) services for online games and virtual worlds, reports it has raised $7.8 million in its second round of funding.
The round was led by Benchmark Capital, and included existing investors Connecticut-based Canaan Partners and Newton-based GrandBanks Capital.
The new financing, which brings the company's total funding to $13.8 million, is expected to be used to further develop the company's product lines and expand its sales and marketing team.
Mitch Lasky, general partner of Benchmark Capital, will join the company's board as part of the funding round.
Vivox was founded in 2005 by its CEO Rob Seaver, COO James Toga and chairman Jeff Pulver, who is also founder of PulverMedia and the Voice on the Net trade show series. The company provides voice services for online environments such as virtual worlds and massively multiplayer online games.
Vivox counts the creator of Second Life, Linden Lab, as well as Wizards of the Coast and IBM Corp. among its customers.
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