Vonage Chalks Up $35 Million More

from the who-says-VCs-aren't-investing dept

More and more evidence that VCs are coming out of their slumber and investing in whatever’s hot… and right now one of the areas that’s quite hot is VoIP. So, it’s no surprise to hear that Vonage now has an extra $35 million in the bank as they make the mad dash to become big enough that one of the Baby Bells doesn’t just squash them when they get around to offering similar deals. So far, I have to admit that Vonage has done a great marketing job getting their message out there, and they have a core set of users who seem very loyal. Now they’ve got some more cash, some of which they plan to use to start offering service in Europe. The next few years are going to be quite interesting in the telecom space.

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