Second round raises RealCall GBP26 million
RealCall(tm) in early October announced that it had raised circa GBP26 million though a second funding round led by Deutsche Bank Venture Partners.
RealCall leads the real-time alerting market, providing private-label, real-time alerting solutions for Web, WAP/Wireless and interactive TV. Its services are used by content owners to deliver time-critical information to their subscribers via RealCall’s RealXChange(tm) infrastructure. RealCall provides two types of alerting services, one designed for the delivery of time-critical information for content providers and one tailored for directories, store builders, e-tailers and WAP sites, linking online users directly to sales or call centres.
When the company launched its first service offering last autumn, RealCall Alert(tm), it was backed by $1 million in seed capital from private investors. In December 1999, RealCall raised a $7.2 million first round of formal venture funding from Advent Venture Partners, ACT Venture Capital and additional private investors. Simultaneously, the company signed up Oracle as a strategic partner, with Oracle taking an equity interest in RealCall.
Incoming investor Deutsche Bank Venture Partners led the recent second-round funding. DB Venture Partners was accompanied by both first-round venture backers and by new investors ABS Ventures, Barclays Ventures, FLV Fund and NIB Capital Private Equity.