Seattle-based IP service provider Telekenex has raised $5.5 million in debt financing from Canadian specialty firm Wellington Financial. In a statement released Monday, Wellington said the funding will provide Telekenex with the capital necessary to “continue its growth and penetration of the managed voice and data service market.” Telekenex is backed by a number of venture firms, including San Francisco-based Walden Venture Capital, Menlo Park, CA-based Altos Ventures, and San Francisco-based Industry Ventures. Though headquartered in Seattle, Telekenex was founded in San Francisco in 1994, where it maintains a strong presence.
Author: Thea Chard
Before joining Xconomy, Thea spent a year working as the editor of another startup, the hyperlocal Seattle neighborhood news site QueenAnneView.com. She holds a bachelor's degree from the University of Southern California, where she double-majored in print journalism and creative writing. While in college, Thea spent a semester studying in London and writing for the London bureau of the Los Angeles Times. Indulging in her passion for feature writing, she has covered a variety of topics ranging from the arts, to media, clean technology and breaking news. Before moving back to Seattle, Thea worked in new media development on two business radio shows, "Marketplace" and "Marketplace Money" by American Public Media. Her clips have appeared in the Los Angeles Times, the Santa Monica Daily Press, Seattle magazine and her college paper, the Daily Trojan. Thea is a native Seattleite who grew up in Magnolia, and now lives in Queen Anne.
View all posts by Thea Chard
