Ooma, a Palo Alto, CA-based provider of HD-quality, free home phone service, has received an extended $3m in debt financing from MMV Financial.
As stated by President and CEO Eric Stang, Ooma will use the funding to expand marketing, sales and operations.
Founded in 2004, the company offers a consumer electronics device that provides free U.S. telephone calling and advanced telephony services to its global base of customers. Ooma recently launched the Ooma Mobile HD app, which allows customers to make U.S. and international calls from their Android, iPhone, iPad and iPod touch devices.
The company’s products are available at more than 4,000 leading retailers and online destinations.
MMV Financial is a preeminent specialty finance firm serving venture-backed companies in North America.