Jaxtr Raises Series A Investment Led By August Capital

Number of People Getting a Link for Their Phone Grows from 500,000 to 1,000,000 in Past Month

MENLO PARK, CA (August 28, 2007) – Jaxtr, the company that links your phone to the Web, today announced it is raising a $10 million round of financing led by August Capital. Other investors participating in the Series A include Mayfield Fund, Draper Richards, Draper Fisher Jurvetson and Luxemburg-based Mangrove Capital. The latter three funds were all early investors in Skype.

"VoIP has been a boon to consumers by lowering the cost of international calling" said Howard Hartenbaum, who led the founding investment in Skype. "The next phase is about making a VoIP call as convenient as any other call placed from a mobile phone and allowing users to gain greater control over the calls they receive."

With this news, jaxtr also confirmed that its registered user base has doubled from 500,000 last month to over 1,000,000 today. Jaxtr has doubled its membership each month since the launch of its public beta in March. Over 16,000 users now register per day (over 660 per hour) to call friends and family overseas at the same cost and with the same convenience as calling a friend down the street. Jaxtr works with any mobile or ordinary landline phone. No download is required.

700,000 of the 1,000,000 jaxtr users are in their 20's. One of the attractions for users in this demographic is the ability to hear from people visiting their MySpace and Facebook profile even when they are off-online. From www.jaxtr.com, users simply click to add their jaxtr widget to their social networking pages. People visiting their profile can then click on their jaxtr widget and initiate a phone call and the jaxtr user can receive this call without having to be online or needing to share their actual phone number.

"Business professionals can add their jaxtr link to their LinkedIn profile and receive phone calls in the same manner," said jaxtr CEO Konstantin Guericke. Guericke was a co-founder of LinkedIn priin to joing jaxtr. "In addition to being able to receive phone calls without having to reveal one¼s number, users gain greater control over incoming calls by posting their jaxtr link instead of their phone numbers online."

For example, jaxtr users select which of their phones should ring when receiving a call. In addition, they control, on a caller-by-caller basis, whether a caller rings through to their phone, is only allowed to leave a voicemail message, or is blocked entirely. Jaxtr users can review voicemails they receive like checking email messages in web-based email systems like Yahoo! Mail, Hotmail or Gmail. "Jaxtr brings voice to social networks and blogs," noted August Capital Partner David Hornik. "Social networks are about communication and self-expression, and voice is an essential element of both. We looked at dozens of companies and came to the conclusion that jaxtr is extremely well-positioned to provide applications for social networks that are valuable enough that people will be willing to pay for premium features."

About Jaxtr
Jaxtr is a social communications company based in Menlo Park, CA. The company was founded by Phillip Mobin and Touraj Parang with the mission to bring voice to social networks and blogs. It is currently used by over 1,000,000 users in 220 countries. Jaxtr links your phone to the Web, so you can hear from callers worldwide while keeping your existing phone number private. Jaxtr works with any phone, including ordinary landline phones. No download is required even if calls are initiated from a mobile phone. Users simply pick the person they want to call from the contact list on their mobile phone and hit the green call button to place a call. To link your phone to the Web, visit www.jaxtr.com.

About August Capital
Founded in 1995, August Capital is a leading venture capital firm that invests in entrepreneurial teams throughout the information technology market spectrum. With more than 50 years of combined venture capital experience and dozens of successful IPOs and public company board relationships, August Capital partners have financed technology companies with an aggregate market capitalization of more than one-half trillion dollars.