What is RingOver Group?
Founded in 2005 and headquartered in Paris, France, RingOver Group provides a collaborative cloud-based phone solution designed to revolutionize and simplify professional phone systems for businesses. The company emphasizes full flexibility, improved mobility, and enhanced collaboration for employees. RingOver serves a substantial enterprise client base, exceeding 20,000 companies globally, with operations extending across the UK & Europe, North America, Australia, Asia, and Central America. Its core offering aims to modernize business communication infrastructure.
How much funding has RingOver Group raised?
RingOver Group has raised a total of $33.5M across 2 funding rounds:
Series A
$12M
Series B
$21.5M
Series A (2021): $12M with participation from Expedition Growth Capital
Series B (2023): $21.5M led by Bpifrance, Orange Ventures, and Expedition Growth Capital
Key Investors in RingOver Group
Bpifrance
Bpifrance is a French public investment bank established in 2012, dedicated to financing companies across all development stages with credit, guarantees, and equity. They actively support innovation, international expansion, and export activities, providing a comprehensive suite of services including consulting and acceleration programs for startups and established businesses.
Orange Ventures
Orange Ventures operates within the Venture Capital & Private Equity sector, based in Cambridge, Massachusetts. It is known for its investments in technology and innovation, supporting companies with significant growth potential.
Expedition Growth Capital
Expedition Growth Capital is a European growth equity firm specializing in providing investments between €10m and €30m to globally ambitious software companies. They focus on partnering with bootstrapped founders, offering not only capital but also operational expertise from their London and Boston offices.
What's next for RingOver Group?
The recent major strategic investment in RingOver Group signals a phase of accelerated growth and market expansion. With substantial enterprise-level funding, the company is poised to enhance its product development, scale its global operations, and potentially pursue strategic acquisitions. This capital infusion will likely enable RingOver to further solidify its competitive edge in the dynamic cloud communications sector, focusing on innovation and broadening its service offerings to meet the evolving demands of its enterprise clientele.
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