Telesphere Gets More Funding

Phoenix-based Telesphere, a provider of PBX, VoIP, business phone and Internet services, said late Friday that it has closed on additional funding. Amount of the funding was not disclosed. Telesphere said the new round brings the firm's total raised over the past five years to more than $50M. Source of the new funding was not disclosed. The firm's investors include Rally Capital and Hawkeye Investments. According to a recent regulatory filing by the firm, it has just received $14.7M, of which $4M was cash and the rest the cancellation of debt. More information »