Fuze (formerly ThinkingPhones), the leader in global voice, video, and collaboration, today announced that it has closed $112 million in financing led by Summit Partners. 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. Summit Partners is joined by existing investors Bessemer Venture Partners (BVP) and Technology Crossover Ventures (TCV). Summit Partners Managing Director Bruce Evans will join the Fuze Board of Directors as part of the investment.
Fuze is a global, unified communications as a service (UCaaS) platform that empowers productivity and delivers insights across enterprises with mobility-enabled and analytics-driven business communications. In 2015, the company grew revenue by more than 100%, adding more than 175 new customers and expanding existing customer relationships. In January 2016, Fuze was positioned by Gartner, Inc. as a Visionary in the Magic Quadrant for Web Conferencing...READ MORE