JAJAH announced the investment of T-Online Venture Fund. The fund is managed by T-Venture Holding GmbH, the corporate venture capital entity of Deutsche Telekom. The investment of the T-Online Venture Fund is part of a $20 million USD investment round, co-led by Intel Capital.
"The agreement is unprecedented. JAJAH is the first Voice 2.0 company to receive this level of industry validation and support. The long-term implications can't be understated," said Roman Scharf, JAJAH co-founder.
T-Online Venture Fund, already well known for service and technology innovation investments, is expecting attractive synergies for Deutsche Telekom business units by bringing JAJAH web embedded solutions to consumer and business customers.
"JAJAH brings together the best of the Internet with the best of telephony," said Trevor Healy, JAJAH CEO. "It is great to receive this validation from a clear leader in the telecommunications industry, whom we have always considered the key partner in offering world-class solutions to consumers. The T-Online Venture Fund investment brings JAJAH unprecedented strength, validation of our proposition, and confirmation of our leadership in voice communication solutions."