Ooma Inc., which makes voice-over-Internet-protocol phone systems, on Tuesday said it has gathered up $16 million in third-round funding.
The round was provided by Draper Fisher Jurvetson, Worldview Technology Partners, the Founders Fund Management LLC, WI Harper Group, the Telecommunications Development Fund and Draper Richards LP.
The funding comes on top of the $27 million Ooma previously raised, and amounts to a lifeline of sorts for the four-year-old Silicon Valley startup, which, according to this post in TechCrunch, had been struggling with executive departures and a high rate of cash-burn since it launched its phone system 14 months ago.
Ooma makes a VoIP telephone device for consumers that provides unlimited U.S. telephone service with no service fees or contracts. - Olaf de Senerpont Domis
See Sept. 23 press release from Ooma
See Sept. 23 post on Ooma from TechCrunch
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