ATV and Bessemer Drop $16.5M in Thinking Phone Networks
October 04, 2012
Advanced Technology Ventures (ATV) and Bessemer Venture Partners have made a $16.5 million investment in Thinking Phone Networks, a developer of cloud-based enterprise communications services. The financing is expected to help the Cambridge, MA-based company expand its international sales, marketing and support services, as well as enhance its primary products. Thinking Phone Networks announced as part of the deal that Bob Hower, ATV general partner, has joined its board of directors.