February 16, 2009
Investment Firm EDF Ventures leads $2 Million Investment In Vontoo Voice Marketing
Based in Indianapolis, Indiana, Vontoo, Inc. has secured $2 million in venture funding from EDF Ventures.� Vontoo has produced the first permission based on-demand voice messaging system that enables businesses to create, track, and send voice messages tailored to a recipient�s interests.� Vontoo can be accessed on the internet through an internet browser at anytime anywhere.� Vontoo�s service can instantly send from one to millions of voice messages to clients to drive up revenues, reduce costs, collect cash faster and enhance customer relationships.�
According to Mary Campbell, Managing Director of EDF Ventures, Vontoo is one of the most amazing companies in the marketplace today.� It may seem strange that during this economic downturn Vontoo is experiencing such unbelievable growth, but the company is proving that when the voice marketing is done properly, it can take 80 to 90% off of a business�s marketing expenses.� Prior investors amount to 70% of this current $2 million round of funding along with a new private investor, Greg Throgmartin.�� According to Mr. Throgmartin, Vontoo�s voice marketing system is so easy to use.� Furthermore, the reporting and tracking metrics provided by Vontoo are a phenomenal way to keep track of results.�
The capital raised by Vontoo in this round will go to accelerate sales, marketing and development hiring.� The company expects to rapidly expand its revenue and double its size by the end of 2009.� According to Kim Lee, Vontoo�s CEO, it is very impressive to have brought in this round of funding during these difficult economic times.� The company has exceeded its goals for funding and Vontoo�s management team is happy to have such an investment team that is backing the company�s growth and future expansion.
Bob Compton, Vontoo�s Chairman and cofounder is also excited about the funding that the company has received and the ability to continue to build Vontoo with this additional funding.� As far as Mr. Compton is concerned, he thought he would have never seen a company grow in a recession.� Mr. Compton goes on to explain that with this recession, businesses are looking for ways to cut their costs and Vontoo provides an easy, efficient and cost effective way to advertise their products.�
EDF Ventures is a vc firm that invests mainly in early stage healthcare and technology companies.� The vc firm focuses on companies that develop breakthrough technology to address large problems or transform the market.� EDF Ventures has invested in the following IT companies: Alfalight, Arbor Network, Xtera, Sircon, and others.��