VoIP co Jajah raises additional $5m

The company recently raised $15 million from Sequoia Capital, Globespan Capital Partners, and others.

Israeli VoIP start-up Jajah Ltd. has raised $5 million from Deutsche Telekom (NYSE:DT; XETRA:DTEG), adding to the company’s $15 million financing round. Other investors in the round are Intel Capital, Sequoia Capital, Globespan Capital Partners, and private investor Yair Goldfinger.

Jajah was founded by Roman Scharf and Daniel Mattes two years ago. The company develops VoIP communications for small and medium-sized enterprises. The company has 35 employees at its development center in Ra’anana, and will use proceeds from the financing round to hire an additional 15. The company will also expand its products basket and seek new markets.

Published by Globes [online], Israel business news - www.globes.co.il - on May 30, 2007

© Copyright of Globes Publisher Itonut (1983) Ltd. 2007

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