Thinking Phone Calls in $1.2M

Erin Kutz1/21/10

Cambridge, MA-based Thinking Phone Networks, a developer of hosted customer communication and relationship management platforms, has raised $1.17 million of a $1.67 million round of equity mixed with options and warrants, an SEC filing shows. President and CEO Steven Kokinos told Mass High Tech that the funding comes from Capstone Partners, a Boston investment bank, and that it will go to expanding the company’s sales department.

Erin Kutz is an Associate Editor for Xconomy. You can reach her by e-mail at ekutz@xconomy.com or by phone at (617) 252-0700, or follow her on Twitter at @erkutz.