Tech Company Financing Transactions
Tello Funding Round
Tello, operating out of San Mateo, secured $10 million in investment from Summerhill Venture Partners, Eagle River Holdings and Evercore.
Transaction Overview
Company Name
Announced On
7/25/2006
Transaction Type
Venture Equity
Amount
$10,000,000
Round
Series B
Investors
Summerhill Venture Partners (Lead Investor) (Gary Rubinoff)
Proceeds Purpose
Tello will use the funding to further develop its OnDemand Unified Communication and Collaboration service designed for individual professionals, SMBs and work teams, before bringing it to market later this year.
Company Information
Company Status
Acquired or Merged
Industry
Communications
Mailing Address
999 Baker Way 250
San Mateo, CA 94404
USA
San Mateo, CA 94404
USA
Phone
Website
Email Address
Overview
Tello Corporation supports instant communication and collaboration across networks, applications and devices, in the context of critical business processes.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Joe Beninato
Browse more venture capital transactions:
Prev: 7/25/2006: SolFocus venture capital transaction
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