TalkPlus Press Releases
TalkPlus Closes Series A Financing Round
Menlo Ventures Invests in Next Generation Voice 2.0 Services
San Mateo, Calif. (Oct. 30, 2006)-TalkPlus, provider of advanced Voice 2.0 services over mobile networks, has announced the closing of its Series A round of $5.5 million in venture capital from Menlo Ventures. "We are excited to partner with a top tier firm like Menlo Ventures," said Jeff Black, CEO, TalkPlus. "They understand the vision and potential of our next generation services to mobile users, and are key to our expansion plans." Offering new and innovative Voice 2.0 calling services that work with existing mobile phones, TalkPlus plans to revolutionize the way people use their mobile phones. TalkPlus' patent-pending technology, under development for over two years, will provide customers a wide array of new and advanced calling services previously unavailable from carriers. TalkPlus has already partnered with a large online community with millions of users and is in conversations with more. "TalkPlus is an early leader for new, innovative telephony services that focus on privacy, identity and presence," said Shawn Carolan, Managing Director, Menlo Ventures. "They have a world class team, a breakthrough technology, great intellectual property protection, and a significant launch partner in the consumer Internet space. Menlo Ventures is thrilled to be participating in such an exciting opportunity." TalkPlus plans to launch their new services nationwide in early 2007. About TalkPlus TalkPlus provides advanced Voice 2.0 services over mobile networks. TalkPlus subscribers benefit from increased flexibility, privacy, and control over their mobile experience, all at affordable prices. Mobile carriers partnering with TalkPlus can offer features to their customers without infrastructure updates. TalkPlus is a privately held company based in San Mateo, Calif. and is backed by Menlo Ventures LLC. The company was founded in February, 2004. To learn more, please visit www.talkplus.com. About Menlo Ventures Menlo Ventures provides long-term capital and management support to early-stage and emerging-growth companies. They are one of Silicon Valley's oldest venture capital partnerships, and have organized and managed nine venture funds since our inception in 1976. With over $3.9 billion under management, and a team with over one hundred years of collective experience in technology, marketing, sales and general management, they have the resources to support the most ambitious of projects. Their leading portfolio of mobile data services companies includes TalkPlus, CellFire, Divitas, MobiTV, MyWaves, PlayPhone, and TeleNav.
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