Ooma dials up $18.3M for free landlines via VoIP

September 2, 2009 | Camille Ricketts | Comments | |

oomaOoma, provider of a voice-over-internet box that lets users make free land-line calls, brought in $18.3 million in a fourth round of venture financing, reports paidContent. It raised $14 million of this sum back in June.

Based in Palo Alto, Calif., the company says it now sells its box, priced at $249.99 a pop, through 5,000 retailers like BestBuy, Costco and others.

Ooma has now raised $61.0 million to date. The recent round came from Worldview Technology Partners, Founders Fund, TD Fund and WI Harper. Previous backers include Draper Fisher Jurvetson and Draper Richards.

As VentureBeat reported in June, Draper Fisher Jurvetson’s stake was converted into common stock, and the firm lost some of its rights, exposing it to further dilution in the future. At that time, the company was valued at $20 million and was looking to raise $20 million total.

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About the Author, Camille Ricketts

Camille is the lead writer for GreenBeat. She came to VentureBeat from Google where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London. Follow her on Twitter at @camillericketts, and follow VentureBeat on Twitter at @venturebeat.

With GreenBeat 2009, VentureBeat's all-star conference on all things Smart Grid, coming up in November, Camille will be expanding coverage of this exciting space. Stay up to date by following @greenbeat2009 on Twitter or by becoming a fan of the event on Facebook here.

  • Ooma's Worldview
    Typical situation where Worldview ups its ante, diluting out others. All in the hope they can milk in the returns later and keep it (all? mostly?) for themselves. Common shareholders, mostly employees, get zilch and they are usually unaware until it all plays out and they walk out empty handed.

    Check what happened at OnStor, Cemaphore, and other Worldview deals. Spitting in the wind comes back (at least once in a while) so Force10 is one example where Worldview got its due. If the Ooma management and employees wake up, it will be another example