Tuesday, June 23, 2009

Ooma VOIP Phone Service raises $14 million

Ooma a popular VOIP Phone Service from USA is still managed to grab some VC's funds as they get more funding to expand the business.

If you still don't know about ooma voip service then you better read our ooma review

Ooma is based in Palo Alto and offers a home phone service which lets you make free long distance calls across USA. It costs only $212.99 on Amazon (Ooma official delivery partnet).

What's the difference between ooma and your regular home phone service. You don't have to pay monthly bills with ooma ever again. For ooma hub, you just need to pay for the VOIP phone and then the service is free. No monthly bills again.

Ooma when first launched received mixed reviews, primarily coz people wasn't too sure how ooma voip phone would work. However, ooma was able to sustain with low cost price model and mouth publicity. Its not hugely popular amongst americans but VC's believe ooma can one day get a fair share of the home phone market in USA.

Ooma managed to raise another $14 million, bringing its total funding to date to about $56 million. The funding was led by existing investor Worldview Technology Partners of San Mateo.

Ooma will now focus on more value added services to improve revenues. Let's see how ooma manages to hold on this highly competitive VOIP Phone service market.

If you still don't have Ooma, we strongly suggest you get one today! Its worth having a ooma hub irrespective of your existing home phone service.

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