Vocalocity, a startup that provides hosted voice over Internet Protocol communications services, has landed $8 million in first-round venture financing.
Noro-Moseley Partners in Atlanta led the round.
Also participating in the round were Pittco Capital partners, Imlay Partners and members of Vocalocity’s management.
The company focuses on companies that have fewer than 20 employees. According to Vocalocity, its hosted solution saves clients up to 80 percent of communication costs compared to traditional providers’ fees.
“Vocalocity’s world-class management team, combined with its focus on cost-effectively serving the micro enterprise, made this a very compelling investment for Noro-Moseley Partners’ new fund NMP VI,” said Alan Taetle, general partner, Noro-Moseley Partners. “We could not be more pleased to be partnering with Boris Jerkunica and Phil Hill, two highly successful serial entrepreneurs and co-founders of Vocalocity.”
Noro-Moseley recently raised a new $110 million fund.
Vocalocity was founded in 2003. Its lead product is called VocalocityPBX.
“Our commitment to and unsurpassed understanding of the micro enterprise market has allowed us to deliver a service that is being widely adopted by a part of the market that can truly benefit from VoIP,” said Hill, Vocalocity’s president. “We’re excited to help our customers succeed by providing them with a voice communications solution that has the same features and benefits enjoyed by a Fortune 500 company at a fraction of the price.”
Jerkunica, the firm’s chief executive officer, is a serial entrepreneur and a part owner of the Carolina Railhawks soccer team in Cary. A graduate of Emory University and a former soccer player, Jerkunica was co-founder and CEO of download technology firm NetZIP that was sold to Real Networks in 2000.
Hill co-founded NetZIP with Jerkunica and was a former executive with Coca-Cola.