Funding

Fuze raises $112M

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What does Fuze do?

Fuze, is the leader in global voice, video and collaboration. This cloud based video conferencing solution connects people and organizations across devices. It empowers productivity and delivers insights across the enterprise by enabling flexible video conferencing, simplified business voice communications and always on collaboration. The company previously called ThinkingPhones, allows the modern mobile workforce in communicating seamlessly anywhere and anytime across any device. This unified communication as a service platform empowers productivity and delivers insights across the enterprises with analytics drive and mobility enabled business communications. Its enterprise class, elegant solutions are disrupting the traditional communications market with a very clear value proposition which is a simple cloud based platform that includes group chat capabilities, video conferencing, always on collaboration tools and group chat capabilities.

How much Fuze was funded?

The company raised $112M in Series E on February 9, 2016 from Summit Partners.

Previous funding

  • $2.5M on July 12, 2012 from Triple Point
  • $20M in Series A on July 12, 2012 from Insight Venture Partners, Khosla Ventures and Index Ventures
  • $26M in Series B on September 15, 2013 from Insight Venture Partners, Khosla Ventures, Index Ventures and Hermes Growth Partners
  • $20M in Series C on May 20, 2015 from Hermes Growth Partners

What is next for Fuze?

Fuze has grown in revenue by more than 100%, adding more than 175 customers and expanding its existing consumer relationships. The company’s new investment will help it in expanding geographically and accelerating its innovation for addressing global demand in the Unified software as a service, web collaboration markets and video conferencing.

More about Fuze

The company was founded in 2009. It has its headquarters in Cambridge, Massachusetts. The company has offices also in San Francisco, New York, Ottawa, Seattle, Amsterdam, London, Zurich, Paris and Copenhagen. The company has announced this month that ThinkingPhone acquired Fuze and a new official brand platform united the companies as Fuze.

 

 

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