Showing posts with label UCaaS. Show all posts
Showing posts with label UCaaS. Show all posts

Wednesday, February 8, 2017

Fuze Raises $104 Million for UCaaS

Fuze (formerly ThinkingPhones), a start-up based in Cambridge, Mass., closed $104 million in venture funding for its cloud-based communication solutions.

Fuze is a global, unified communications as a service (UCaaS) platform for enterprises. In 2016, Fuze grew sales by 90 percent, adding 449 new customers, including The National Geographic Society, The Rockport Group, Socotec, and John Paul with 36 percent of business coming from outside of North America. Its top ten deals of 2016 represented a combined $71 million in contract value, solidifying Fuze’s position as the leading UCaaS platform for global enterprises.

“Over 2016, we experienced tremendous growth in deal size among the large enterprise segment, with CIOs and IT leaders adopting Fuze’s unified communications platform as a central part of their strategy to drive digital transformation in their organizations,” said Steve Kokinos, Fuze Founder and CEO. “This latest round of investment advances Fuze’s aggressive pursuit of the market for our cloud-based business communications platform, accelerates geographic expansion to service our large global customers, and fuels product innovation in ways that align with our long-term growth strategy.”

The funding was led by Wellington Management Company LLP and joined by Greenspring Associates and existing investors Summit Partners, Bessemer Venture Partners (BVP), and G20. Total funding to date has reached $304 million.

http://www.fuze.com

Tuesday, February 9, 2016

Fuze Raises $112 Million for UCaaS

Fuze (formerly ThinkingPhones) closed $112 million in financing for its global voice, video, and collaboration services.

Fuze is a global, unified communications as a service (UCaaS) platform for enterprises. In 2015, the company grew revenue by more than 100 percent, adding more than 175 new customers and expanding existing customer relationships.

The new funding was led by Summit Partners and joined by existing investors Bessemer Venture Partners (BVP) and Technology Crossover Ventures (TCV). This investment brings the company’s total funding to $200 million. The new capital will be used to expand global operations and to support continued investment in innovation, with a specific focus on simplifying enterprise communications.

“Enterprises of all sizes are benefiting from new business processes and workflows associated with cloud-based communications platforms. This new investment will enable Fuze to expand geographically and accelerate our innovation to address global demand in the UCaaS, video conferencing, and web collaboration markets,” said Steve Kokinos, CEO & Co-Founder, Fuze . “We view Summit as a long-term strategic partner with deep experience scaling growth stage companies in the enterprise software and communications market. Together with our existing investors TCV, BVP, and G20, Summit’s support will help Fuze realize its vision to be the undisputed leader in this growing market. ”

http://www.fuze.com


  • ThinkingPhones acquired Fuze in November 2015. In February 2016, it announced a new corporate brand platform officially uniting the companies as Fuze.
  • Fuze is headquartered in Cambridge, MA, and has additional locations including New York, San Francisco, Seattle, Ottawa, London, Amsterdam, Aveiro (Portugal), Paris, Zurich, and Copenhagen. 


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