Tuesday, March 14, 2006

New Global Telecom Raises $10.75M

Golden, Colorado-based New Global Telecom has raised $10.75M in a Series A funding round. The venture capital round was led by Comcast Interactive Capital, and included new investors Centennial Ventures and Columbia Capital. Previous investor ICG Communications also participated. The firm said that the new funds will be used to expand its operations and provide a solid foundation for revenue and customer growth. New Global Telecom is a provider of hosted Voice-over-Internet-Protocol (VoIP) services. The firm also said that Blue Beacon Capital LLC acted as an advisor to the firm as a part of the financing. More information »