Vonage Holdings received $250 million in convertible debt funding Monday, led by Bain Capital, bringing the VoIP provider’s total funding to $658 million.
Also participating in the funding were existing investors New Enterprise Associates, Meritech Capital Partners, and senior management, with a total of 16 new investors.
Vonage plans to use the money to further build its network around the
“This latest round of funding validates Vonage’s leadership in the broadband telephony market,” said Vonage Chairman Jeffrey Citron.
