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Internet telephony equipment and services company Whaleback Systems Inc. has taken in $600,000 of a planned $1.7 million debt funding, according to federal documents.
The filing with the U.S. Securities and Exchange Commission lists the funding as new money. In December, Portsmouth, N.H.-based Whaleback landed $315,000 of a planned $808,000 round of debt from an undisclosed group of backers. As in the December funding, the document lists as directors Walter Dick of Boston’s Ascent Ventures, Roger Walton of Castile Ventures in Waltham and Michael Shanahan of Boston Consulting Group.
Also listed as a director in the latest document but not in the December filing is Joseph Dively, president of Consolidated Communications, based in Illinois.
Whaleback, a provider of managed voice over Internet protocol services and technology, said in the filing that it would use the funds for general corporate purposes which could include payroll.
In July, Whaleback promoted chief financial officer Karil Reibold to the role of chief executive officer. Reibold joined Whaleback in October 2008 and previously served as an entrepreneur-in-residence for Norwest Venture Partners of Palo Alto, Calif., where she was an operating partner assisting with various portfolio companies.
The company was founded in 2005 by Cedar Point Communications Inc. co-founder Mark Galvin and Indus River Networks Inc. co-founder Wray West.
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