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Consumer phone service Jaxtr takes $10M round

Posted on June 24, 2008

Jaxtr Inc. has added Lehman Brothers Venture Partners to its roster of investors for a new $10 million Series B round, doubling the startup's private funding to date. Once positioned as an Internet phone service that connected people on social networks, Jaxtr Inc. is now marketing itself primarily as an inexpensive international calling service.Existing investors in the startup included August Capital and Mangrove Capital Partners, who joined for its $10 million Series A round last summer, and seed-stage backers Mayfield Fund, Draper Fisher Jurvetson, Draper Richards, the Founders Fund, Richmo...

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