Spinvox receives £50m funding

Venture capitalists anticipate boom in demand for voicemail to text message conversion

Spinvox CTO Phil Marnick

UK voice-to-text software specialist Spinvox has secured an additional $100m (£50m) funding from venture capitalists including Goldman Sachs, GLG Partners, Blue Mountain Capital Management and Toscafund Asset Management.

The company sells software that converts voicemail messages into text messages and delivers them to phones, PDAs, PCs or TV screens. It currently claims to have around 140,000 subscribers.