Ruby Receptionists Receives $38.8M Majority Equity Investment

Ruby Receptionists, Portland, Oregon-based provider of live virtual receptionist services to small businesses, received a $38.8m majority equity investment.

Updata Partners acquired a majority stake while StepStone Group co-invested in the round.

The company intends to use the funds to continue to expand its proprietary software and personalized service offering for small businesses.

Founded in 2003 by Jill Nelson, CEO, Ruby Receptionists delivers live virtual receptionist services to thousands of small businesses throughout North America.



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