VoxSmart, a London-based telecommunications software provider, has closed a $7m Series A round led by Deepbridge Capital.
The firm’s proprietary software, VSmart, helps businesses achieve regulatory compliance by recording their mobile communications such as phone calls, SMS, voice mail and instant messaging.
Oliver Blower, CEO of VoxSmart, commented: “We understand our clients need one global solution to not only manage risk but also to ensure their users can maximise P&L through uninhibited mobility. We have a number of large financial institutions rolling out VSmart.”
The round also gained support from a number of senior capital markets executives, including former electronic trading CEO of Instinet Europe, Adam Toms. The funding will enable VoxSmart to extend its global infrastructure in preparation for global regulatory deadlines which are due to come into force in early 2018.
Ian Warwick, managing partner at Deepbridge Capital, commented: “We are delighted to be working with the team at VoxSmart to help them achieve their strategic objectives in this exciting global growth opportunity. VoxSmart’s technology and experienced management team will play a major role in helping financial institutions meet and exceed global regulatory requirements.
“Specialising in providing exciting investment opportunities to private investors, it is important that we work with innovative companies that have the potential for global scalability. VoxSmart meets all of our stringent investment criteria and is the latest disruptive technology to join our portfolio of companies,” he concluded.