Friday, April 21, 2006

RED HERRING | Jajah Takes New Money Call

"Fresh on the heels of its first round of funding, Jajah on Wednesday said it has received a second round of investment that will allow the VoIP service provider to grow its business in the Asian market.

The VoIP upstart announced its initial investment last month from Sequoia Capital for an undisclosed amount. It then said it had moved its headquarters from Europe to Menlo Park, California, and launched the company as a U.S.-based firm (see Hello, It's Jajah Calling).

Globespan Capital led Jajah�s second round of financing for an undisclosed amount. The venture capital firm, which has one of its three offices in Tokyo, has emerged as a specialist at helping startups gain access to the Asian market. Its other offices are in the United States.

�Beyond financing, Globespan Capital gives Jajah a strong business development team on the ground and solid connections with leading companies across Japan, Korea, China, and India,� said Venky Ganesan, Globespan�s managing director. "

No comments: