InterWest taps into mobile conferencing through $15m Biba financing round


conference callVenture Capital firm InterWest Partners has led a $15m Series B financing round for mobile conference call and messaging app Biba.

Existing investors Benchmark Capital and Trinity Ventures also took part in the round alongside former Symantec CEO Enrique Salem and Trapit CEO Gary Griffiths.

InterWest general partner Bruce Cleveland, who has joined the Biba board, said, “It’s about time a modern startup like Biba – unencumbered by antiquated architectures and business models, powered by a seasoned team with a track record of success – emerged to challenge the slow-moving goliaths of business communications.

“Biba’s bold vision to disrupt the communication industry may appear audacious but shows a keen understanding of what the incumbents are missing and responds to the demand that people and businesses need a far more cost-effective and substantially easier way to communicate with colleagues and partners.”

The deal is quite different from InterWest’s last two announced investments, in which it led an $11.5m round for video shopping platform Joyus and a $14m round for luxury online designer goods reseller The RealReal.

Copyright © 2013 AltAssets