Fuze (formerly ThinkingPhones), a Cambridge, MA-based provider of a voice, video, and collaboration platform, raised $112m in financing.
The round, which brough total funding to $200m, was led by Summit Partners with participation from existing investors Bessemer Venture Partners (BVP) and Technology Crossover Ventures (TCV). In conjunction with the funding, Summit Partners Managing Director Bruce Evans will join Fuze’s Board of Directors.
The company intends to use the funds to expand global operations and continue to invest in innovation.
Led by Steve Kokinos, CEO & Co-Founder, Fuze is a global, unified communications as a service (UCaaS) platform that allows the today’s mobile workforce to communicate anytime, anywhere, across any device. Following the acquisition of Fuze by ThinkingPhones in November 2015, in February 2016, a new corporate brand platform was announced as Fuze. The company has additional locations including New York, San Francisco, Seattle, Ottawa, London, Amsterdam, Aveiro (Portugal), Paris, Zurich, and Copenhagen.
FinSMEs
09/02/2016