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Speakanet Raises $10 Million

Speakanet AS, a Copenhagen-based provider of mobile telephone switchboard solutions for businesses, has raised $10 million in new VC funding. Via Venture Partners was joined by return backers Northzone Ventures and Eqvitec Partners.


Speakanet, the leader in 100% mobile, business telephone systems, today announced it has secured an additional round of US$10m in funding from current investors Northzone Ventures, Eqvitec Partners and new investor Via Venture Partners. The funds will be used to support its strong customer growth in Denmark and expand internationally.


Speakanet's solutions leapfrog today's telephone systems, whether conventional or VoIP based, with a 100% mobile, business telephone system that requires no hardware, no investment and significantly lowers total costs of telephony for businesses of all sizes ( ).


Having acquired over 15,000 business users in its Danish home market, Speakanet is now planning to enter several new markets including the UK and Switzerland.


Francois Mazoudier, CEO explains: “The past 18 months have been critical for the company. We have achieved solid domestic growth, completed the new, category defining platform, and built a healthy pipeline of opportunities in key international markets. With this technology advantage and proven demand for the solution, it is now time to start planning an accelerated international rollout. These funds will allow us to do that.”


Jakob Rybak-Andersen from Via comments: “We are very excited about Speakanet's potential. The entire office telephony market, worth around 8 billion USD a year, is going through dramatic changes – most businesses today are re-evaluating their core needs, which always include providing mobility to their employees. Speakanet's solution and its patented technology make it an obvious choice to answer those needs.”


Arve Johan-Andresen from Northzone Ventures adds: “Similarly to CRM and voicemail, office telephony is poised to become a network-enabled service and Speakanet is spearheading this trend. This new round of funding cements Speakanet's leadership position and will allow the company to accelerate and grow into international markets in a category defining manner. We have been actively involved with Speakanet since 2004 and are very excited that the company, with this new funding round, has reached a very important milestone.”


Jukka H