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February 2,
2010
Vivox Raises $6.8 Million from IDG Ventures
and Existing Investors
IDG Ventures Managing Director Phil
Sanderson Joins Vivox Board
Vivox, Inc. (www.vivox.com),
the market leader in voice services for online games, virtual worlds and
the social web, today anounced that it has secured $6.8 million from a
third round of equity financing led by IDG Ventures with follow-on investment
from Benchmark Capital, Canaan Partners and GrandBanks Capital.
"Vivox has proven the community building value
and revenue potential of voice in online activities, enabling millions
of people to connect with one another - whether in a multiplayer game,
in a virtual world or on Facebook. With its strong team, pioneering technology
and aggressive market stance, Vivox is a perfect addition to the IDG Ventures
portfolio," said Phil Sanderson, managing director of IDG Ventures
San Francisco and newly appointed Vivox board member. "Through the
IDG group of companies, we have an unparalleled combination of insight
and analysis into the most important trends in the digital age. Voice
is the key ingredient missing from a huge range of online experiences,
and Vivox has proven itself able to provide mission-critical voice and
exceptional service to leading companies around the world. I look forward
to working closely with the team at Vivox to seize this tremendous opportunity."
Vivox provides the only managed voice service available today that connects
people and communities across multiple platforms including PC, game consoles
and Web-based social networks such as Facebook. The Vivox Network provides
an unmatched set of features that improve the user experience, and offers
revenue opportunities for clients through voice-based virtual goods. Vivox
customers and partners include leaders in online games and virtual worlds
such as CCP games, Gaia Online, Hi-Rez Studios, IMVU, Linden Lab, NCsoft,
Nexon Realtime Worlds, Sony Online Entertainment, Wizards of the Coast,
and many others.
"By delivering billions of minutes of voice
per month to millions of users, we have seen first-hand how voice improves
online communities," said Rob Seaver, Founder & CEO of Vivox.
"The web is increasingly social and talking to each other is how
we, as humans, interact. Voice is an essential part of the explosive growth
of the social web. This fundamental trend translates into an immense opportunity
for Vivox. With the support of IDG Ventures and our other investors, we
will continue to innovate for our customers and make voice part of more
and more shared experiences online."
About Vivox, Inc.
Vivox is the global leader in HD voice services for online games, virtual
worlds and the social web. Supporting 20 million users in more than 180
countries, and over 2 billion minutes of voice chat per month, the Vivox
Network is the world's largest cross-platform voice provider. For more
information on Vivox and the power of voice, visit www.vivox.com.
About IDG Ventures
IDG Ventures SF is an early-stage venture capital firm investing
in New Media and IT companies in the US. The fund is part of IDG Ventures,
a global network of technology venture funds with over $2 billion under
management and 10 offices across Asia and North America. The fund works
closely with International Data Group (IDG), the world's largest IT media
company. By combining the IDG platform - an unparalleled combination of
global publishing, market research (IDC), and conferences and exhibiton
resources - with years of hands-on experience in early-stage company building,
iDG Ventures helps its portfolio companies understand their markets better
and penetrate them faster than their competition. Leading technology companies
that IDG has invested in include Netscape, Excite, Infoseek, Epiphany,
F5 Networks, BabyCenter, Service Metrics, and Spinner.com in North America
and Vinagames, Ctrip and Baidu in Asia.
About Benchmark Capital
Benchmark Capital, a leading international venture capital firm,
was founded in 1995 to help talented entrepreneurs with original ideas
build successful technology companies. Benchmark's general partners take
a team-oriented, labor-intensive approach to venture investing to deliver
a superior level of service to the firm's portfolio companies. Benchmark's
portfolio includes high-profile start-ups like Infinera, MySQL, OpenTable,
Second Life, Tellme, Yelp, and Zillow, and franchise companies such as
eBay, Juniper Networks and Red Hat. The firm manages more than USD 2.4
billion in committed venture capital. For more information on Benchmark
Capital, visit its website at www.benchmark.com.
About Canaan Partners
Canaan Partners invests in visionary entrepreneurs and provides
them the networks, insights and operational guidance required to build
high-performance technology and healthcare companies. Founded in 1987,
the firm has raised eight funds and completed more than 77 acquisitions
and 52 IPOs. With $3 billion under management and a worldwide footprint,
the firm's technology team is committed to catalyzing the growth of innovative
companies in the digital media, communications & mobility, enterprise
and clean tech sectors. Among its successes are DoubleClick, the leading
online advertising solution; Match.com, the most popular online dating
site in the world; CommerceOne, the company that pioneered B2B ecommerce;
SuccessFactors, the global leader in on-demand performance and talent
management solutions; WebLoyalty, a leading provider of online marketing
and rewards services; and VOIP equipment supplier Acme Packet, which was
on of the top ten performing tech IPOs of 2006. Other Canaan technology
investments include Active Networks, Associated Content, BharatMatrimony,
Blurb, iYogi, Lending Club, N-trig, ON24, Prime Sense, Tremor Media and
Zoosk. Canaan has offices in California, Connecticut, India and Israel.
For more information visit www.canaan.com.
About GrandBanks Capital
GrandBanks Capital invests in early stage compnaies located primarily
in the eastern part of the United States. With headquarters outside of
Boston, the firm was established in partnership with SOFTBANK Corp and
has proven investment expertise in information technology, software, internet
and communications, media and financial services, and wireless technologies.
The GrandBanks Capital portfolio currently includes: Colubris Networks,
Coradiant, Ember Corporation, Enpocket, First Coverage, GlassHouse Technologies,
Incipient, OutStart, uLocate Communications, and Vivox. For more information
on GrandBanks Capital, visit www.grandbankscapital.com.
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