Telefónica and TokBox Decide to Disrupt Communication Together
October 26, 2012
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VC-backed video chat platform TokBox has been acquired by Spanish telecom giant Telefónica (NYSE: TEF). The TokBox team, headed up by Ian Small, will all join Telefónica, but keep operating independently out of their San Francisco office. Founded in 2007, TokBox raised $26 million over three rounds, consisting of a $4 million Series A financing led by Sequoia Capital, a $10 million Series B financing led by Bain Capital Ventures, and a $12 million Series C financing led by DAG Ventures.
