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Pagoo Raises Additional $15M in Series D, Cisco Invests   SAN FRANCISCO (VENTUREWIRE) — Pagoo, which provides IP-based voice-communications services, said the second tranche of its Series D round raised $15 million from new investors Cisco Systems, Communications Venture Partners, Fresh Capital Group, Quest for Growth, and WestAM. The Series D is now closed at $30 million and includes existing Series D investors 3i, meVC Draper Fisher Jurvetson Fund I, and Hummer Winblad Venture Partners. The money will be used for continued expansion into Europe, new expanison into the Asia Pacific region, and research and development. New investor 3i led the round. Past investors in the company include meVC Draper Fisher, Hummer Winblad, and Selby Venture Partners, which did not participate in the Series D. Strategic investor Cisco Systems will encourage use of Pagoo’s applications in Cisco’s existing network users. The following investors are members of the board of directors: Nino Marakovic, principal of Draper Advisors, a sub-adviser to the meVC DFJ Fund I; Jim Marshall of Selby Venture Partners; Dan Beldy, partner at Hummer Winblad; and Gerald Brady, associate director at 3i. Pagoo is generating $3.6 million in revenues annually and expects to be profitable in June 2002. Its monthly burn rate is $1 million. The company has raised $53 million since it was founded in 1997 and has offices in London, Milan, and Singapore. Its customers include AT&T WorldNet Service and Tiscali. http://www.pagoo.com

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