Vonage Raises $35 Million for its Broadband Phone Service

Vonage closed $35.0 million in new financing round led by New Enterprise Associates (NEA), which invested $12 million. The money will be used to further the build out of the service, enhance marketing programs and develop new offerings. Vonage senior management participated in the round; capital raised to date by the company now totals $65.3 million.


Vonage currently serves more than 70,000 broadband phone lines and continues to add more than 10,000 lines per month to its network. Traffic volume is over 3 million calls per week.
http://www.vonage.com
http://www.nea.com