Rebtel Networks, a start-up based in Stockholm, raised $20 million in Series A funding for its plans to offer unlimited international calling from mobile phones for just $1 per week.
Rebtel allows registered users to create local phone numbers for themselves and their friends abroad. For example, a person in San Francisco gets a San Francisco phone number to call their friend in London, and the friend in London gets a London phone number to call the person in San Francisco. By connecting the local calls over the Internet, Rebtel lets consumers bypass the excessive international fees charged by mobile carriers.
The new funding was provided by Index Ventures and Benchmark Capital. The funds will be used to expand business development and marketing efforts, and accelerate expansion into more countries around the world.
http://www.rebtel.com
- Rebtel was founded in January 2006 by Hjalmar Winbladh and Jonas Lindroth.
