RingCentral Redials $12M for Hosted Voice

04 March 2008

Hosted voice service firm RingCentral on Tuesday said it got $12 million in a second funding round led by DAG Ventures.

The new investment comes six months after the Redwood City, California-based firm announced an identical  $12 million first funding round which was led by Sequoia Capital and Khosla Ventures.

The Internet as a telephone service vehicle has attracted $893 million in VC funds in the last five years, according to Thomson Financial. But observers see an increase in the last year in the individual amounts being invested in Internet voice firms.