Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  3i GROUP PLC
2. Date of Event Requiring Statement (Month/Day/Year)
05/23/2006
3. Issuer Name and Ticker or Trading Symbol
VONAGE HOLDINGS CORP [VG]
(Last)
(First)
(Middle)
16 PALACE STREET
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

LONDON, X0 SW1E 5JD
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy)   (1) 08/01/2014 Common Stock 125,000 $ 1.76 I See Footnote (2) (3) (4) (5)
Stock Option (Right to Buy)   (6) 09/01/2015 Common Stock 62,500 $ 10.27 I See Footnote (2) (3) (4) (5)
Stock Option (Right to Buy)   (7) 12/01/2015 Common Stock 8,929 $ 13.21 I See Footnote (2) (3) (4) (5)
Stock Option (Right to Buy)   (8) 03/01/2016 Common Stock 8,929 $ 15.06 I See Footnote (2) (3) (4) (5)
Series C Redeemable Convertible Preferred Stock   (9)   (9) Common Stock 6,857,142 $ (9) I See Footnote (2) (3) (5) (10)
Series D Redeemable Convertible Preferred Stock   (9)   (9) Common Stock 3,563,114 $ (9) I See Footnote (2) (3) (5) (10)
Series E Redeemable Convertible Preferred Stock   (9)   (9) Common Stock 2,426,255 $ (9) I See Footnote (2) (3) (5) (11)

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
3i GROUP PLC
16 PALACE STREET
LONDON, X0 SW1E 5JD
    X    
3I INVESTMENTS PLC
16 PALACE STREET
LONDON, X0 SWIE 5JD
    X    
3i Technology Partners L.P.
880 WINTER ST
WALTHAM, MA 02451
    X    
Mayflower L.P.
22 GRENVILLE STREET
ST. HELIER, JERSEY, X0 
    X    

Signatures

/s/ Tristan Segonds 05/23/2006
**Signature of Reporting Person Date

/s/ Tristan Segonds 05/23/2006
**Signature of Reporting Person Date

/s/ Mikko Jussi-Suonenlahti 05/23/2006
**Signature of Reporting Person Date

/s/ Mikko Jussi-Suonenlahti 05/23/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The options vest in equal monthly installments over a period of four years beginning on September 1, 2004.
(2) 3i Corporation ("3i Corp.") and 3i Investments plc ("3i Investments") are each 100% indirect subsidiaries of 3i Group plc. As a result, 3i Group plc may be deemed to share voting and dispositive power with respect to the shares deemed to be beneficially owned by 3i Corp. or 3i Investments. 3i Group plc disclaims beneficial ownership of the shares owned by each of 3i Corp. and 3i Investments, except to the extent of its pecuniary interest therein. Either 3i Corp. or 3i Investments acts as the manager of 3i Global Technology 2004-06 L.P. ("3i Global Tech"), 3i Pan European Technology 2004-06, L.P. ("3i Pan European"), 3i Technology Partners, L.P. ("3i Tech Partners") and Mayflower, L.P. ("Mayflower"), and, as such, has the discretionary power to control the exercise of the investment and voting power of the shares owned by such entities. (Continued to Footnote 3)
(3) Each of 3i Corp. and 3i Investments disclaims beneficial ownership of the shares owned by 3i Global Tech, 3i Pan European, 3i Tech Partners and Mayflower, except to the extent of its pecuniary interest therein.
(4) Represents stock options held by 3i Corp.
(5) Following consummation of the Issuer's initial public offering, the reporting persons herein will cease to hold, directly or indirectly, more than 10% of any class of any equity security of the issuer (determined in accordance with the rules for determining beneficial ownership under Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act")) and therefore will no longer be subject to the disclosure and other requirements of Section 16 of the Exchange Act.
(6) These options vest in equal monthly installments over a period of four years beginning on October 1, 2005.
(7) These options vest in equal monthly installments over a period of four years beginning on January 1, 2006.
(8) These options vest in equal monthly installments over a period of four years beginning on April 1, 2006.
(9) The convertible preferred stock is immediately convertible on a 1:2.86 basis and has no expiration date. The convertible preferred stock will automatically convert upon consummation of the Issuer's initial public offering.
(10) Represents shares held by 3i Tech Partners.
(11) Includes 1,212,128 shares held by 3i Tech Partners, 530,742 shares held by 3i Pan European, 90,985 shares held by 3i Global Tech and 591,400 shares held by Mayflower.
 
Remarks:
Exhibit 24- Power of Attorney

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