Zoom snaps up Qualcomm for $30m series C

Feb 5, 2015 • Thierry Heles

Video conferencing service Zoom has secured $30m in a series C round featuring returning investor Qualcomm, and which lifted its overall funding to more than to $45m.

US-based video conferencing service Zoom received $30m yesterday in a series C round led by Emergence Capital that included Qualcomm Ventures, the corporate venturing arm of chip maker Qualcomm.

Horizons Ventures and Jerry Yang, co-founder and former CEO of internet portal Yahoo, as well as Patrick Soon-Shiong, founder of healthcare conglomerate NantWorks, also participated. Zoom, which has now raised $45.5m since it was founded, secured $6.5m in a series B round including Horizons, Soon-Shiong and Yang in September 2013.

Qualcomm…

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