Casabi turns your home phone into an Internet phone, raises $10M
Casabi, a Cambpell, Calif. company, offers a service to turn your traditional home phone into Internet “smart-phone,” and says it has raised $10 million in a second round of financing from venture capitalists.
The Casabi service integrates your home phone with a phone directory, peer-to-peer VOIP calling, instant messaging presence, local search, and ring-tone and screen customization.
The company says distribution partnerships are being negotiated with Internet portals and regional telephone companies and that it will have a number of announcements in April 2007.
The financing is led by Canaan Partners, and includes previous investors Mayfield Fund and Vanguard Ventures, who invested $5.5 million in August, 2005.
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