Thursday, November 6, 2008

iSkoot Raises $19 Million for IP Mobile Services

iSkoot, a start-up based in San Francisco, secured $19 million in a Series C funding round for its mobile services.

iSkoot is targeting a new class of highly integrated Web/mobile communications. The company recently acquired Social.IM -- a desktop IM client that brings real-time communication and notifications to social networks. Previously, iSkoot had developed a mobile Skype client. iSkoot also worked with Skype and Hutchison 3 to launch the first carrier-deployed mobile Skype application in 2006, and to develop the 3 Skypephone, currently sold in eight countries on three continents.

The new funding round was led by Vision Opportunity Master Fund and included participation from existing investors Charles River Ventures, Khosla Ventures, Jesselson Capital Corporation and ZG Ventures. iSkoot will use this round of funding to support the introduction of a new suite of mobile communication solutions.

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