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February 17, 2009


Vontoo To Expand Sales Team With $2M

By Staff Reporters - VentureWire Professional

INDIANAPOLIS, IN - (February 17, 2009) - Vontoo Inc., a provider of permission-based, on-demand voice messaging systems for marketers, has closed a $2 million funding round.

EDF Ventures led the round, more than doubling its original investment. The company raised a $2 million Series A in March 2008 from EDF and individual investors.

In the new financing, prior investors accounted for about 75% of the $2 million raised, while new private investors provided the remaining amount. A valuation wasn't disclosed.

Vontoo has developed a system that enables companies to send targeted messages to consumers, who give their permission by asking for more information about products on a company's Web site or signing up to be a supporter of a campaign.

The new capital will be used for sales, marketing and development hiring. The Indianapolis company says it expects to double in size in 2009.

Attempts to reach Vontoo were not successful on Friday.







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