GERMANY - MIG leads nfon investment
MIG Funds has led an investment into web-based telephone company nfon AG, alongside Earlybird and High-Tech Gründerfonds, in a high single digit million Euro third round of funding.
Munich-based nfon develops web-based software as a service (SaaS) telephone systems, which replace stationary telephone switchboard installations. The systems enable customers to add or delete extensions as needed with only the actual service used showing up on the bill. Alongside its German headquarters the company has an office in Austria, with expansion into Switzerland, France and the UK currently in the planning stages.
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