Wednesday, August 6, 2008

TokBox Raises $10 Million for Free Video Conferencing Website

TokBox, a start-up based in San Francisco, raised $10 million in series B venture funding for its web-based video communication service that offers consumers free video calling.


TokBox, which launched in October 2007, lets consumers talk face to face using either a web-based client or a downloaded client. It requires no configuration. It can also be integrated into Facebook.


The new funding round was led by Bain Capital Ventures. Sequoia Capital, which led the Series A investment in TokBox, also invested in the new round.


TokBox said it will use the new funding to build out its executive team and drive continued expansion of the company's user base both in the U.S. and worldwide.http://www.tokbox.com

  • TokBox is headed by Nick Triantos, who prior to joining the company in November 2007 was a Partner at Quantum Technology Partners, a technology-focused venture capital firm. Before that, Nick has spent 8 years in software engineering and engineering management roles at NVIDIA.

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