Cork-based telecoms firm raises â‚¬5m

Pat Phelan’s Cubic Telecom have released details of €5m worth of investment they have received. Cubic Telecom is the parent company of the Roam4free and Yak4ever brands.

From the release Cubic has raised a

EUR3.5M investment from private backers in order to develop a suite of innovative global mobile and home phone products under the Cubic Telecom brand, together with its own international virtual carrier network. A further EUR1.5M has been raised to fund a series of international launches of products and services in the coming six months.

As I mentioned a few weeks back, Cubic Telecom are also the only Irish company to make it to the final 100 of the uber prestigious TechCrunch 20.