Speaknet Raises $10M

Danish provider of mobile business telephone systems raises $10M in funding to expand internationally

November 5, 2007

1 Min Read

COPENHAGEN -- Speakanet, the leader in 100% mobile, business telephone systems, today announced it has secured an additional round of $10m USD in funding from current investors Northzone Ventures, Eqvitec Partners and new investor Via Venture Partners. The funds will be used to support its strong customer growth in Denmark and expand internationally.

Speakanet’s solutions leapfrog today’s telephone systems, whether conventional or VoIP based, with a 100% mobile, business telephone system that requires no hardware, no investment and significantly lowers total costs of telephony for businesses of all sizes (www.speakanet.com).

Having acquired over 15,000 business users in its Danish home market, Speakanet is now planning to enter several new markets including the UK and Switzerland.

Francois Mazoudier, CEO explains: “The past 18 months have been critical for the company. We have achieved solid domestic growth, completed the new, category defining platform, and built a healthy pipeline of opportunities in key international markets. With this technology advantage and proven demand for the solution, it is now time to start planning an accelerated international rollout. These funds will allow us to do that.”

Speakanet AS

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