Nexmo has closed an $18 million Series C funding round led by Sorenson Capital, with participation from existing investors Intel Capital and NHN Investment. The company enables enterprises and developers to communicate with any phone globally by eliminating the need to interface with or adapt to intermediate telecom hardware and providers. It connects Web applications directly to billions of phones, enabling instant and two-way communication between businesses and their customers.
The new funding, which will be used in part to expand Nexmo's suite of communication APIs and scale its distribution channels, comes at a reported $100 million valuation—a significant increase from the $14 million valuation the company garnered after a $3 million Series B round in early 2013. Nexmo will also increase its worldwide sales, support and marketing efforts, as well as add staff to its San Francisco headquarters and its global offices in Europe and Asia. In conjunction with the transaction, Sorenson's Fraser Bullock has joined the company's Board.