LOS ANGELES, CA — Fonality, an open source Internet calling service, Thursday announced it had secured $12 million in financing led by Draper Fisher Jurvetson Growth Fund with Intel Capital. Fonality said it will use the money to expand VoIP services for small and medium-sized businesses.
“This investment by DFJ and Intel Capital, two top-tier investment firms, gives us the freedom to further accelerate our growth and acquisition strategy,” said Fonality CEO Chris Lyman in a statement.
Fonality links e-mail, voicemail, landline and mobile calling into a single desktop application. The services are resold by Dell as well as directly at Fonality’s Web site.
“You could never tell your best salesperson: ‘work from home or the road today and take sales calls as if you were in the office.’ This used to be a $100,000 expense. Fonality’s open source technology gives growing businesses a big-time presence that fits within their budgets,” Lyman said.
As part of the DFJ investment, Randy Glein, managing director of DFJ Growth Fund, has joined Fonality’s board of directors.
Fonality employs 140 people with offices in three countries.
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