Internet phone firm Vonage wins $35 mln investment

Vonage, a pioneer provider of Internet phone calling via cable lines, will announce on Monday that it has closed a $35 million round of financing from venture capital firm New Enterprise Associates.

Vonage has been a trailblazer in U.S. markets for residential and small-business phone services over so-called Voice over Internet Protocol (VoIP) technology. VoIP relies on high-speed cable connections to create a low-cost alternative to traditional telephone service providers.