Nexmo Secures $3,000,000 New Financing

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=14cdf508-bc98-4e6f-83ce-b8e74aff8ac8&Preview=1
Date
2/22/2013
Company Name
Nexmo
Mailing Address
1530 Page Mill Road Palo Alto, CA 94304
Company Description
Nexmo is a cloud-based SMS API that lets you send
and receive high volume of messages at wholesale rates.
Website
http://www.nexmo.com
Transaction Type
Venture Equity
Transaction Amount
$3,000,000
Transaction Round
Undisclosed
Proceeds Purposes
The company will use the funds to expand its suite of APIs in the cloud telecommunications space, and finalize its direct to carrier roll outs around the globe.
M&A Terms
Venture Investor
Intel Capital
Venture Investor
Initial Capital
Venture Investor
NHN Investment