Hosted VoIP

The company that connects family and friends around the world for free from any phone, Mobivox, has received $11 million in Series A venture capital funding from top-tier investment funds in the United States, China, Southeast Asia, and Canada. Mobivox’s plans for expanding its global presence will certainly be given a boost by this funding.

 

IDG Ventures is a global network of independently managed venture capital funds with $2+ billion under management. The company has five independent partnerships managing funds in North America, China, Vietnam, and India. With its investment in Mobivox, multiple funds from within the IDG Ventures network have co-invested in a company. As part of the arrangement, David Aronoff, general partner of IDG Ventures Boston, will join Mobivox’s Board of Directors as part of the funding.

 

MOBIVOX (News - Alert) provides free calls from anywhere in the world to over 40 countries. The members can save up to 98% on all other international calls. To become a member, all you need to do is to register at www.mobivox.com and dial a local access number to connect with friends and family. When you call, you just have to say the name of the person you want to call and the rest happens. There is no need of special software, PIN numbers, downloads, or even a computer for that matter. MOBIVOX has achieved incredible traction in the market in a very short period and it helps lots of people who want to call their friends and family in distant places.

 

In a press release, MOBIVOX CEO, Stéphane Marceau said, “IDG Ventures Boston understands the power of connecting people seamlessly on a global scale. We envision a company that brings you closer to the services and people you care about by extending the reach and power of the Internet to any phone. Our service is designed for novice and tech-savvy consumers alike and does not require the purchase of a new device or installation of any software. We now have top investors from around the world, with deep insights and relationships into the consumer Internet space to help us achieve our vision.”