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Voxware Secures Series B Funding

2012-07-13
RADNOR, PA, Cross Atlantic Capital Partners today announced that its Co-Investment Fund II has led the Series B financing round for Voxware, a leading provider of voice solutions.
Cross Atlantic Capital Partners today announced that its Co-Investment Fund II has led the Series B financing round for Voxware, a leading provider of voice solutions. Financial terms of the deal were not disclosed.

"As evidenced by its continued innovation, fiscal responsibility, and strong and growing customer base, Voxware is well positioned to capitalize on the growth in voice technology across many established and emerging vertical markets," said Don Caldwell, Founder and CEO of Cross Atlantic Capital Partners. "We're very bullish on this investment, knowing that Voxware's strong management team and aggressive expansion plans will bring its proven technology to more markets worldwide."

Voxware will use this latest round of financing to support the company's aggressive growth, enhancing its global operations including expansion in Europe, Latin and South America, the Middle East, and Asia. The investment will also allow Voxware to continue to invest into research and development of its voice recognition software, including ongoing advancement of its cloud-based software solution, as well as continued development of its platform for voice-centric multi-modal applications.

This is The Co-Investment Fund II's third investment into Voxware.

About Voxware

Voxware helps organizations with teams who are on the move to more effectively receive, act on, and communicate information critical to their work. Its hands-free voice solutions enable employees to safely and accurately speed through tasks, thereby boosting operational productivity and improving customer experiences. What's more, Voxware easily adapts to changes in technology and processes, enabling organizations to quickly address shifting demands without disruptions to the operation. Its innovative approach to voice communication has proven to help its customers increase profitability by cutting costs and enhancing brand loyalty. For more information, please visit www.voxware.com.

About Cross Atlantic Capital Partners

Based in Radnor, PA, Cross Atlantic Capital Partners ("XACP") is one of the leading venture capital firms based in the mid-Atlantic region, with over $500 million under management. Leveraging its deep, multi-disciplined network of global contacts, and the management team's operational experience, the firm actively assists its entrepreneurs and portfolio companies in a diverse array of industries such as Enterprise Software, SaaS, IT Services, Telecommunications, Financial Services, and other innovative technologies. http://www.xacp.com
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