IOVOX gets USD 10m in funding to invest in US expansion

Global call analytics company IOVOX Ltd. has completed a USD 10m Series A round of equity and debt financing led by Octopus Ventures, SF Capital, and Silicon Valley Bank, the company said.

IOVOX is using the new investment to expand in the United States and execute a product strategy to widen the addressable market for IOVOX services.

Co-founded in the UK by Ryan and Belinda Gallagher, IOVOX is a leading European provider of call analytics solutions. The company has recently expanded into the United States, and its office in Mill Valley, Calif., serves as a hub for its US growth plans.

IOVOX´s mission is to make data from business phone calls as useful, actionable, and valuable as email or chat. Trusted by leading brands and global customers in more than 30 countries, IOVOX delivers on its mission via call analytics and collaboration solutions.

Octopus Ventures is a London and New York based venture capital firm focused on backing unusually talented entrepreneurs. Octopus invests from GBP 250,000 to GBP 25m in a first round of funding and will look to follow in subsequent rounds, and are proud to be known as one of the most entrepreneur friendly investors in Europe.

Octopus Ventures is part of the Octopus group, one of the UK´s fastest growing investment management companies with more than GBP 5.5bn of assets under management.