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 Vonage Raises $105 Million

Vonage In Print News

Vonage Raises $105 Million In Funding

August 25, 2004

By Staff

WASHINGTON, Aug 25 (Reuters) - Internet phone service Vonage on Wednesday said it has raised $105 million from private equity investors, which it would use to expand its service.

The investments doubled Vonage's total funding to $208 million. The New Jersey-based company has garnered about 240,000 customers for its Internet-based phone service, and spurred a host of competitors.

 Posted by Vonage on Wednesday, August 04 @ 01:00:00 EDT
 (1067 reads)
Read More: Vonage Raises $105 Million

 Vonage To Announce $105 Million Financing

Vonage In Print News

Technology Briefing Telecommunications: Vonage To Announce $105 Million In Financing

August 25, 2004

By Ken Belson

Vonage, the leading Internet phone provider, will announce today that has secured $105 million in financing from its present investors, the private equity firms 3i, Meritech Capital Partners and New Enterprise Associates.

 Posted by Vonage on Wednesday, August 04 @ 01:00:00 EDT
 (1037 reads)
Read More: Vonage To Announce $105 Million Financing

 Vonage Gets $105M In Capital

Vonage In Print News

Vonage Gets $105M In Venture Capital

August 26, 2004

By Holly M. Sanders

Internet phone upstart Vonage has raised a bundle of cash to keep battling telecom's big boys.

The company, which is headed by Datek founder Jeffrey Citron, secured $105 million in its latest round of funding, bringing its total funding to $208 million.
Citron has stayed below the radar since federal regulators slapped him with a $22.4 million fine for allegedly manipulating the Nasdaq's small-order execution system.

 Posted by Vonage on Wednesday, August 04 @ 01:00:00 EDT
 (1034 reads)
Read More: Vonage Gets $105M In Capital

 Internet Phone Call Firm Gets $105 Mil Infusion

Vonage In Print News

Internet Phone Call Firm Gets $105 Mil Venture Capital Infusion

August 26, 2004

By Reinhardt Krause

Internet calling upstart Vonage Holdings — fighting regulatory and marketing battles — has a lot more money to spend on lawyers and advertising.

The startup phone company said Wednesday that it has raised $105 million in a new financing round led by venture capital firm New Enterprise Associates.

Overall, Vonage has raised more than $208 million from private investors, including venture firms NEA, 3i and Meritech Capital.

Vonage has signed up 200,000 customers in the U.S. and Canada for its Internet phone service. It plans to expand into the U.K., Pacific Rim and Latin America.

 Posted by Vonage on Wednesday, August 04 @ 01:00:00 EDT
 (2406 reads)
Read More: Internet Phone Call Firm Gets $105 Mil Infusion

 Voice Over Internet Phone Company Closed $105 Million In Funding

Vonage In Print News

Voice-Over-Internet Phone Company Vonage Said Wednesday That It Has Closed A $105 Million Round Of Funding

August 26, 2004

By Staff

EDISON, N.J. | Voice-over-Internet phone company Vonage said Wednesday that it has closed a $105 million round of funding.

The new financing brings total investment in Vonage to $208 million.

 Posted by Vonage on Wednesday, August 04 @ 01:00:00 EDT
 (1276 reads)
Read More: Voice Over Internet Phone Company Closed $105 Million In Funding

 VoIP Startup Collects $105M

Vonage In Print News

VoIP Startup Vonage Collects $105M

August 26, 2004

By Clifford Carlsen

Investors in Internet telephony startup Vonage Holdings Corp. doubled down on their private equity stake in the company, sinking $105 million into the year's largest venture capital deal to date, bringing total investment to $208 million.

New Enterprise Associates led the Series D round to help the independent company maintain a commanding lead in voice-over-Internet-protocol, or VoIP, services. The massive funding round from the startup's existing investors comes even as traditional telephone and wireless service carriers such as Bedminster, N.J.-based AT&T Corp., New York-based Verizon Communications Inc., Qwest Communications International Inc.of Denver and San Antonio-based SBC Communications Inc. enter the fast-growing field.

 Posted by Vonage on Wednesday, August 04 @ 01:00:00 EDT
 (1330 reads)
Read More: VoIP Startup Collects $105M

 Vonage Raises $105M & Aims To Be $1BN VoIP Business

Vonage In Print News

Vonage Raises $105M And Aims To Be $1BN VoIP Business

August 26, 2004

By Staff

VoIP service provider Vonage Holdings Corp has raised $ 105m in series D financing and plans to use the huge funding round to roll out its services overseas in pursuit of its ambition to become a billion dollar business.

Canada, the Pacific rim, the UK and Latin America are amongst its target markets and it goes onto the attack against legacy phone service providers overseas using the same business model that has built up its user base to more than 240,000 lines in the US. It claims to be adding 25,000 users every month.

 Posted by Vonage on Wednesday, August 04 @ 01:00:00 EDT
 (1020 reads)
Read More: Vonage Raises $105M & Aims To Be $1BN VoIP Business

 New Enterprise Associates of Baltimore

Vonage In Print News

In Brief

August 26, 2004

By Staff

New Enterprise Associates of Baltimore, a venture capital firm, has invested $40 million more in Vonage Holdings of Edison, N.J. NEA, which also has offices in Reston, led the current $105 million round of financing, bringing the total investment in Vonage to more than $200 million.

 Posted by Vonage on Wednesday, August 04 @ 01:00:00 EDT
 (1282 reads)
Read More: New Enterprise Associates of Baltimore

 Vonage Adds $105 Million In Funding

Vonage In Print News

Vonage Lands Additional $105 Million In Funding

August 26, 2004

By Staff

Internet telephony company Vonage Holdings Corp. has received $105 million in additional funding.

The Edison, N.J., company that sells voice over Internet protocol technology and services said this week the series D financing was led by New Enterprises Associates. The latest round of funding attracted two new investors, 3i and Meritech Capital Partners.

 Posted by Vonage on Wednesday, August 04 @ 01:00:00 EDT
 (1013 reads)
Read More: Vonage Adds $105 Million In Funding

 Vonage - $105 Million Boost To Expansion

Vonage In Print News

Vonage: $105 Million Boost To Expansion Plans

August 26, 2004

By Staff

VoIP service provider Vonage plans to use the huge funding round to roll out its services overseas in pursuit of its ambition to become a billion dollar business. While the firm has enjoyed rapid growth recently, there are a number of regulatory and competitive clouds on the horizon.

Canada, the Pacific rim, the UK and Latin America are amongst Vonage's target markets and it goes onto the attack against legacy phone service providers overseas using the same business model that has built up its user base to more than 240,000 lines in the US. It claims to be adding 25,000 users every month.

 Posted by Vonage on Wednesday, August 04 @ 01:00:00 EDT
 (1088 reads)
Read More: Vonage - $105 Million Boost To Expansion

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†AK and HI residents pay $29.95 shipping. ††Limited time offer. Valid for residents of the United States (&DC), 18 years or older, who open new accounts. Offer good while supplies last and only on new account activations. One kit per account/household. Offer cannot be combined with any other discounts, promotions or plans and is not applicable to past purchases. Good while supplies last. Allow up to 2 weeks for shipping. Other restrictions may apply.

1Unlimited calling and other services for all residential plans are based on normal residential, personal, non-commercial use. A combination of factors is used to determine abnormal use, including but not limited to: the number of unique numbers called, calls forwarded, minutes used and other factors. Subject to our Reasonable Use Policy and Terms of Service.

2Shipping and activation fees waived with 1-year agreement. An Early Termination Fee (with periodic pro-rated reductions) applies if service is terminated before the end of the first 12 months. Additional restrictions may apply. See Terms of Service for details.

HIGH SPEED INTERNET REQUIRED. †VALID FOR NEW LINES ONLY. RATES EXCLUDE INTERNET SERVICE, SURCHARGES, FEES AND TAXES. DEVICE MAY BE REFURBISHED. If you subscribe to plans with monthly minutes allotments, all call minutes placed from both from your home and registered ExtensionsTM phones will count toward your monthly minutes allotment. ExtensionsTM calls made from mobiles use airtime and may incur surcharges, depending on your mobile plan. Alarms, TTY and other systems may not be compatible. Vonage 911 service operates differently than traditional 911. See www.vonage.com/911 for details.

** Certain call types excluded.

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