Vonage plans to raise $200 million through the private sale of securities. The new funding will bring total equity in the company to about $400 million.
http://www.vonage.com
- In March 2005, Vonage crossed the 500,000 subscriber line milestone.
- In August 2004, Vonage closed $105 million in fourth round venture funding, bring total investment at the time $208 million. That round was led by New Enterprise Associates (NEA) and included the participation of 3i, Meritech Capital Partners and existing investors.