London-based network peering firm XConnect said Wednesday it has raised $10 million in Series B funding.

“The new funding is perfectly timed,” said Eli Katz, XConnect CEO and founder, in a prepared statement. “The rapid global market adoption of NGN and VoIP infrastructure by fixed, mobile and Web 2.0 operators, together with the need to deploy rich multimedia communication services across networks, is driving demand for our next-generation interconnection and ENUM services.”

Investors including Venrock Associates, Accel Partners, Grazia Equity and Crescent Point Group provided the funding.