Voxeo -- A Recapitalized Dotcom

Voxeo issued a press release today announcing a $9 million investment by North Atlantic Capital and the Florida Growth Fund, but did not mention the $38 million it raised several years ago from Crosspoint and Mayfield. Crosspoint's Rich Shapero and Mayfield's David Ladd were on Voxeo's board -- in November of 2001 they replaced other board members from those firms and expressed their confidence in and commitment to the company. Thomson Reuters has Voxeo raising $78 million in funding between 2000 and 2002 and adds Silver Lake and Broadview Capital as investors, although Voxeo CEO Jonathan Taylor says some of that money was venture debt from Lighthouse. In any case, things did not go as planned for Voxeo,

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