Saturday, November 8, 2008

iSkoot, a leading provider of mobile Web services has secured $19 million

What Company Is Offering:
iSkoot, with offices in Cambridge and Israel, brings leading Web services like Skype to mobile handsets around the world. iSkoot worked with Skype and Hutchison 3 to launch the first carrier-deployed mobile Skype application in 2006, and to develop the award-winning 3 Skypephone, currently sold in eight countries on three continents. iSkoot for Skype takes advantage of the voice-optimized circuit-switched carrier network for delivery of voice communications, in keeping with iSkoot's mission to bring resource-intensive Web communications services to mobile phones with carrier-grade quality.

How Much They Got From VCs:

iSkoot, a leading provider of mobile Web services, announced today that it has secured $19 million in a Series C funding round. The round was led by Vision Opportunity Master Fund and included participation from existing investors Charles River Ventures, Khosla Ventures, Jesselson Capital Corporation and ZG Ventures. iSkoot will use this round of funding to support introduction of a groundbreaking suite of mobile communication solutions and maintain its position at the leading edge of mobile experience development.

"This funding represents a tremendous validation of the new mobile services we've been developing," said Mark Jacobstein, CEO of iSkoot. "iSkoot products let mobile consumers get dramatically greater value from the Web services they already count on, and in the current economy value is going to be a powerful differentiator.

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