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Video Chatter TokBox Raises $10 Million Second Round

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TokBox, the provider of a simple video chatting service, has raised a $10 million second round led by Bain Capital Ventures, with participation from past backer Sequoia. The company was actually incubated out of Sequoia, which led the firm’s initial $4 million round last year. The SF-based firm allows users to embed video communications in various environments, including Facebook, blogs and a desktop chat bar. The raise means that companies with growth but no clear business model can still raise substantial sums: CEO Nick Triantos told VentureBeat that the company is still in growth mode, and that a variety of revenue options were still on the table. He also said that most of the money from the first round is still in the bank. Release.

Aug 7, 2008 11:30 AM ET

Posted In: Money, M&A & Venture Capital, Venture Capital, Social Media, bain capital, sequoia capital, tokbox

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