VOIP Startup Fring Raises $12 Million Series B

FringIsraeli-based VOIP start-up Fring has closed an estimated $12 million second round, led by US VC fund North Bridge Venture Partners. VenFin and previous investors Pitango, Veritas and Yossi Vardi also participated. If the investment estimate is accurate, it would be one of the larger rounds for a VOIP company.

Fring is a mobile application for Windows and Symbian phones that uses VOIP to make cheap/free mobile calls and instant message. Unlike Jajah, but like Truphone, Fring sends calls and chats over Wi-Fi internet access or your 3G or GPRS Internet data plan. Like Skype, users are charged a nominal fee to call standard phone lines. However, calls made to other internet phones are free. Fring connects to standard phones, other SIP based VOIP clients, and chat applications (Skype, MSN Messenger, ICQ, Google Talk, and even Twitter).

Fring has received a lot of praise from Crunchgear and TechCrunch, mostly due to its multi chat integration and free calls. However, call quality was an issue and the 3G phones Fring works on can be expensive. You should also see our previous coverage of other VOIP carriers.