Wednesday, September 21, 2005

SunRocket Raises $25 Million to Fuel Consumer VoIP Rollout

SunRocket, a provider of consumer Internet phone service, secured $25 million in its second round of institutional financing. Mayfield Fund led the round, joined by DCM - Doll Capital Management and existing investors BlueRun Ventures and Anthem Capital Management. To date, SunRocket has raised $34 million in venture financing.

A year after launching its first services, SunRocket said it has emerged as the second fastest growing independent provider of residential Internet phone service.

SunRocket offers an all-inclusive Internet phone service with bottom-line annual price of $199, with no hidden charges, termination penalties or "gotchas."

  • In February 2005, SunRocket named Kevin Bennis as President and CEO. Bennis has previously served as President of MCI's Systems Integration Division, President and COO of Avantel, and as President and CEO of Sprint Canada/Call-Net Enterprises. Earlier, Bennis was the President of Frontier Communications, leading the company's $1.9 billion integrated communications business.

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