Signal to Noise

SAN FRANCISCO, Calif. — August 7, 2008 – TokBox, a first-of-its-kind web-based video communication service that offers consumers free and effortless video calling, today announced the closing of a $10 million Series B financing round led by Bain Capital Ventures.  Sequoia Capital, which led the Series A investment in TokBox, also invested in the new round.  TokBox will use the new funding to build out its executive team and drive continued expansion of the company’s user base both in the U.S. and worldwide.

In recent months, TokBox has added new features and functionality to enhance the consumer experience, including integrating its video capabilities into Facebook chat and providing an easy-to-use downloadable version of the application.  The company also recently announced the appointment of Nick Triantos, technology veteran and video expert, as CEO.

“Consumers are in love with TokBox, and use it to keep in touch with friends and family around the globe,” said Triantos. “We’re proud of the service we’ve created and how easy it is for anyone to use TokBox. We are grateful that a world-class venture firm like Bain Capital Ventures also sees our potential, and are thrilled to have them join Sequoia Capital as investors in TokBox.”

Since launching in October 2007, TokBox has grown rapidly and is already being used in a variety of interesting ways — from people staying in touch with distant relatives and friends chatting during school holidays to online dating and job search. In addition, TokBox gives users the tools to add a video communication element to their blog, social networking or commerce and community sites profile by embedding the unique application directly into the page.

“TokBox has an impressive and very loyal and energetic user base,” said Scott Friend, Venture Partner at Bain Capital Ventures. “The company is executing well and its service offers consumers a variety of great features that strongly differentiate TokBox from competitors.  We are excited to be investing with our partners at Seqouia in a company we believe has the potential to be the next ‘big thing’ in web communication.”

“Tokbox is uniquely positioned as a leader in the burgeoning consumer video communications market,” said Roelof Botha of Sequoia Capital.  “Their ultra-simple user interface sets a new bar for ease-of-use for consumers to hold video calls with their friends and family around the world.  We’re very happy with their growth to date, which is why we are enthusiastic to participate in their Series B investment.”

For more information about TokBox, please visit www.tokbox.com.