Thursday, May 5, 2005

Vonage Raises Additional $200 Million

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.

  • 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.


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