Telesphere Raises $15M

Phoenix, Arizona-based Telesphere, which operates a business phone and Internet service, said Wednesday that the firm has raised $15M in a private equity funding. The funding came from Rally Capital, Hawkeye Investments LLC and Greenspun Corporation, all current investors in the company. According to Telesphere, it will use the funding for acquisitions and expansion plans. Telesphere provides hosted VoIP and PBX services to businesses. More information »