Austro-Israeli VoIP start-up Jajah Ltd. has raised $2.5 million as part of its $5 million fourth financing round. The money was reportedly obtained from current investors: Intel Capital, Deutsche Telekom AG unit T-Mobile, Globespan Capital Partners, and Sequoia Capital.
According to IVC, Jajah has raised $31.25 million since it was founded in 2005. Jajah chairman Daniel Mattes and president Roman Scharf founded the company, which provides low-cost VoIP telephony. The company now also enables mobile phone users to make low-cost calls via the company's mobile telephone browser.
Jajah has had steady growth in the number of users. It currently has over eleven million subscribers, up from two million a year ago. Its competitors include Israeli start-up Fring Ltd. and Skype. Last April, Jajah signed an agreement with Yahoo! Inc. (Nasdaq: YHOO) to allow Yahoo's 90 million Messenger users to carry on phone call with Jajah technology.
Published by Globes [online], Israel business news - www.globes-online.com - on March 18, 2009
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