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 companys $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 Raanana, 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
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