In April 2008, Spinvox raised a significant amount of venture capital money in the biggest deal of the year. Here, courtesy of our sister title, Real Deals, are those numbers:
Goldman Sachs, GLG Partners, Blue Mountain Capital Management and Toscafund Asset Management have jointly invested $100m in London-based Spinvox, in a third round of funding.
The financing gives SpinVox a valuation of over $500m. The company had previously raised $100m.
SpinVox, which captures spoken messages and converts them into text, has deals with 12 cell phone carriers, including Canada’s Rogers Mobile and Alltel Wireless.
"We built SpinVox to answer a real need in the marketplace and have now established a vast new market for voice-to-screen messaging which we continue to lead," said Spinvox founder Christina Domecq. "One of the many reasons why people are getting so excited about SpinVox is that it is one of the few genuinely innovative companies to have emerged in the telecommunications arena in recent years. SpinVox is transforming core messaging for carriers world-wide and delivering new, recurring revenues from existing user behaviour."