Cross Atlantic Capital Partners Announced Follow-On Investment In Voxware

Cross Atlantic Capital Partners announced a follow-on investment in Voxware, Inc. (OTC: VOXW). Headquartered in Lawrenceville, NJ, Voxware provides solutions for voice-directed logistics that optimize the full spectrum of warehouse operations for greater accuracy, productivity, and flexibility. The $6 million round also included Edison Venture Fund and a number of UK investors led by Nash Fitzwilliams Limited, a London based investment bank.

"Voxware continues to beat expectations,” states Don Caldwell, Cross Atlantic’s Sr. Partner and Voxware Board member. “We couldn’t be more pleased with company’s progress here in the US, as well as in the UK - it exemplifies our ‘cross atlantic’ investment strategy.”

“This highly successful financing indicates continued strong support from our current investors, as well as a high level of enthusiasm for Voxware’s long-term potential from our new investors,” commented Thomas J. Drury, Jr., Voxware’s President and Chief Executive Officer. “The voice logistics market is growing rapidly. This round of investment positions Voxware to invest in and capitalize on that growth, and better position the Company for expansion in both domestic and international markets.”

Voxware will use proceeds of the financing to expand research and development, and to expand the company’s sales and marketing efforts.