Tuesday, July 25, 2006

Tello Raises $10M

San Mateo-based Tello, a provider of hosted communications and collaboration services, has raised $10M. Tello said today that it raised the Series B venture round from BCE Capital. Previous investors Eagle River, Evercore Partners, Rho Ventures, and Intel Capital also participated in the round. Tello said it will use the funding to further develop its services, which it is bringing to market later this year. Gary Rubinoff of BCE Capital has joined the company's board of directors in conjunction with the funding. More information »