VisoCon GmbH, a Graz, Austria-based provider of smart video conferencing solutions, completed an equity financing.
The amount of the transaction was not disclosed.
Backers included two business angels (one of them is Dr Christian Pegritz), i4g and tecnet equity.
VisoCon provides a cloud based solution enables a videoconference for up to 400 people and in parallel a web broadcast to an unlimited number of people
The company intends to use the capital for expansion of the worldwide sales network and for additional developments in the field of open web-based video conferencing solutions.