Speakanet, a Danish company developing mobile business telephone systems for the corporate sector, has secured DKK 52 m (USD 9.9 m) in funding from existing investors Northzone Ventures and Eqvitec Partners, as well as from new investor Via Venture Partners. The funds will be used to support the company's strong growth in Denmark and to expand internationally.
Speakanet has developed a service, GoHello, that can replace conventional telephone systems, either analogue or VoIP based, with a hardware-free online mobile switchboard service that business customers can operate via the web. Staff use a standard GSM mobile phone, while the receptionist uses the Speakanet software switchboard which functions more or less like a conventional switchboard. The latest generation of GoHello is now ready to be launched commercially.
The fresh investment is the second round for Speakanet, which three years ago raised DKK 30 m (USD 5.7 m) in venture capital from Northzone Ventures and Eqvitec Partners. Arve Johan Andresen, partner in Northzone Ventures says: "We have been actively involved in Speakanet since 2004, and are enthusiastic that the company has now reached an important milestone in its development to become the leading player and define the category in relation to the market."
Speakanet was founded in 2001 and is headquartered in Copenhagen. The company, which also has teams in London, UK, and Prague, Czech Republic, was judged the best start-up firm in Ernst & Young's prestigious Entrepreneur Of The Year 2005 competition. The news was reported by financial daily newspaper Børsen.