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March 16, 2004
Skype Raises $18.8M in Series B
Posted by Stowe Boyd
In another indicator of the exploding faith of the financial community in the downstream potential of IP telephony, Skype announced raising $18.8M in a series B round of VC funding.
Skype has gathered 3.5M registered users of its VoIP software solution since last August.
This second round was led by Draper Fisher Jurvetson and Index Ventures; other investors were not disclosed. The firm's initial funding round closed in mid-December, and was not previously announced. First round investors included Tim Draper (as an individual investor), Draper Investment Co., Bessemer Venture Partners, and Mangrove Capital Partners.
This follows closely on the heels of the Yahoo/BT announcement (see earlier story) last week.
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