Fuze Raises $20M; Acquires LiveMinutes

fuzeFuze, a San Francisco, CA-based cloud video conferencing company, raised $20m in funding from Hermes Growth Partners.

The company intends to use the capital to expand its platform to include a project workspace for distributed teams to stay connected, create and share content, meet together live and maintain context across the lifecycle of a project. In conjunction with the funding, the company also announced the acquisition of LiveMinutes, a San Francisco and Paris, France-based cloud platform for collaborative team workspaces.
Fuze is now piloting an initial integration of the two products with a select group of key customers. Next month, it will add Collaborative Notes, a new feature based on LiveMinutes to help teams track discussions and tasks beyond meetings. The fully integrated product experience is planned for general availability later this year.
LiveMinutes co-founders, Kemal El Moujahid (CEO) and Alexis Dufetel (COO), joined the Fuze leadership team. El Moujahid will now lead product strategy for Fuze.

Led by Bobby Yerramilli-Rao, CEO, Fuze provides more than 100,000 companies including Groupon, Starbucks, Macy’s.com and Thoughtworks with HD-quality voice and video conferencing and content sharing across devices, desktops and meeting rooms. Available across multiple platforms, it offers high-definition video conferencing across desktop web app, tablets, iPhone and Android, etc.. It also connects with legacy video conferencing systems.




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