Telekenex Raises $5.5M

Seattle-based IP service provider Telekenex has raised $5.5 million in debt financing from Canadian specialty firm Wellington Financial. In a statement released Monday, Wellington said the funding will provide Telekenex with the capital necessary to “continue its growth and penetration of the managed voice and data service market.” Telekenex is backed by a number of venture firms, including San Francisco-based Walden Venture Capital, Menlo Park, CA-based Altos Ventures, and San Francisco-based Industry Ventures. Though headquartered in Seattle, Telekenex was founded in San Francisco in 1994, where it maintains a strong presence.

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