Ooma raises $14M more amid tough round
updated
Ooma, the much-hyped company that sells an expensive VoIP box ($249) that you can install in your homes to make free land-line calls, has raised another $14 million in venture capital, we’ve confirmed.
TechCrunch reported the story earlier, but loosely reported that financing “wiped out” earlier investors who chose not to participate in the round. However, we’re hearing it was not a wipe out. Rather, existing investors that did not participate were converted into common, so… Continue Reading