Voice - Thursday, March 20, 2008
London's Spinvox Socks Away $100M Investment
Goldman Sachs together with GLG Partners, Blue Mountain Capital Management and Toscafund Asset Management have invested $100M in London-based Spinvox, which converts voice mail to email. This third round of funding gives SpinVox a valuation greater than $500M. Spinvox had previously raised $100M.
SpinVox has deals with 12 cell phone carriers led by Canada's Rogers Mobile and Alltel Wireless.
$200M invested in a startup led by a 31 year old is a big bet. But CEO and founder Christina Domecq appears confident. (She is an American-educated member of the Domecq sherry dynasty.) And apparently Spinvox has won in the hundreds of thousands of users who have brought the company close to break-even despite a three hundred person head count.
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