Zoom Telephonics raises USD 5 mln, adds Akamai co-founder to board

Tuesday 7 May 2019 | 11:44 CET | News
Zoom Telephonics, a producer of cable modems and other communication products, said it has raised USD 5 million from a private placement, with USD 4.1 million coming from the family fund of Jeremy Hitchcock. Other investors included Zoom executives. The company said it will use the money to roll out new products, with the rest going towards working capital and other corporate purposes.

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Categories: General
Companies: Oracle / Zoom Telephonics
Countries: World
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