Friday, November 13, 2009

North Atlantic backs Voxeo’s $9M financing

By Galen Moore

Video Gallery

Google's Summer of Code

Local Motors: Open source car maker

The Murphy brothers' software-selling family tree

Related News

Matrix Partners adds entrepreneur Rodriguez to VC firm [March 16, 2010]

Ky. software startup Backupify moving to Boston [March 16, 2010]

Correlsense corrals $8M in Series B money [March 16, 2010]

Rapid7 finds $2M in VC funding [March 15, 2010]

Rhythm launches to $21M Series A beat [March 15, 2010]

North Atlantic Capital  has participated in a $9 million funding for Voxeo Corp., a Florida-based maker of voice-over Internet protocol (VoIP), voice response, text, instant messaging and unified communications software. Florida Growth Fund also joined the round.

According to a press release issued today, Voxeo will use the funds to expand its own development efforts and make corporate acquisition. The Orlando-based company has acquired three companies in the past 14 months, according to the press release.

Founded in 1986, Portland, Maine-based North Atlantic Capital is currently investing out of its fourth venture fund, worth $200 million, closed in 2007. Last year the firm made new investments in New York-based KickApps Corp. and Atlanta-based Astadia Inc. Its New England portfolio companies include Tangoe Inc. of Orange, Conn., and Waltham-based Invoke Solutions Inc.