The Deal
Saturday, November 21, 
9:22 pm

Ifbyphone rings up $4.6M second round

  Share     E-Mail    Discussion    Print Story

ifbyphone.jpgChicago-based telephony applications developer Ifbyphone has drawn a new $4.6 million second round of funding from area investors, expanding its syndicate to five firms. (See pdf version of the news release here.) Although three new investors backed Ifbyphone in its new round, none was a co-leader. Prior backers Apex Venture Partners and Origin Ventures served that role, 15 months after supplying $2.75 million in Series A money to the startup. The new investors in the Series B were Spring Mill Venture Partners, the Illinois Innovation Accelerator Fund and Blue Crest Capital Finance LP, all based in the greater Chicago area.

Ifbyphone develops voice and telephony apps for the small and medium-sized business markets. Using its applications, enterprises can embed call buttons on Web sites, in e-mails and on social networking pages, or simplify conference calls through an outbound calling function. Ifbyphone also introduced its second application for Apple Inc.'s [AAPL] iPhone (see pdf here) last week.

PhoneTopp Inc., a developer of mobile Web conferencing applications, made its debut at the Under the Radar conference last week. - Paul Bonanos

See press release from Ifbyphone

Continue reading below

Also on Dealscape





Post a comment




The Deal Pipeline

Deal Video


Inside The Deal: Avaya Inc.'s Mohamad Ali on the company's next target.


More video...

Crisis On Wall Street
Technology
Deals of The Decade

Community

Industry Insight

Managing your shareholder base

Growth companies and their PE sponsors should be wary of the pitfalls that arise when they layer on tiers of preferred stock.


Industry Insight

Easing the stress of distressed M&A

Corporate buyers face numerous complexities when trying to identify the right moment to purchase a distressed asset.


Editor's Note

Editor's letter: Nov. 16, 2009

Beneath the veneer of Wall Streeters beats the same heart, stirred by the same determinants of behavior.



©Copyright 2008, The Deal, LLC. All rights reserved. Please send all technical questions, comments or concerns to the Webmaster.