« xFruits Nice And Simple RSS Contortions | Main | Index Ventures Funds Name-Changing Euro Youth Social Network »
April 24, 2007
London's Xconnect Raises $12M
Xconnect, a VOIP peering and multimedia network provider that helps its service provider customers bypass the telephone network (PSTN), has raised $12M from a truly international syndicate: Accel's European team, Venrock, Grazia (out of Germany) and Bridge Capital Fund of Japan (an affiliate of Nikko Antfactory).
The company was founded in 2004 by its CEO Eli Katz. Xconnect is a favorite of trade publications like Light Reading and Pulvermedia.
If this startup doesn't make it big with this group of investors and its potential to win big with the transition to everything-over-IP, then you'd have to be seriously puzzled.
Posted on April 24, 2007 06:55 PM | Posted to News And Updates | Permalink
Trackback Pings
TrackBack URL for this entry:
http://www.thealarmclock.com/mt/mt-tb.cgi/4298
