What is RingOver Group?
Founded in 2005 and headquartered in Paris, France, RingOver Group is a leading provider of collaborative cloud-based phone solutions. The company is dedicated to revolutionizing and simplifying professional phone systems, offering businesses enhanced flexibility, mobility, and collaboration tools. RingOver serves a substantial enterprise client base of over 20,000 companies globally, with a significant presence in the UK & Europe, North America, Australia, Asia, and Central America. The company's commitment to innovation in the telecommunications sector positions it as a key player in the digital transformation of business communications.
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 Expedition Growth Capital, Orange Ventures, and Bpifrance
Key Investors in RingOver Group
Expedition Growth Capital
Expedition Growth Capital is a next-generation growth equity firm based in Europe, focusing on providing investments between €10m and €30m to globally ambitious software companies. They specialize in partnering with bootstrapped software founders who seek capital for growth rather than out of necessity. With offices in London and Boston, they offer not only financial support but also operational expertise and a commitment to nurturing success. Their approach emphasizes cultural alignment, integrity, and a collaborative partnership to help founders achieve category leadership.
Orange Ventures
Orange Ventures is a company that operates in the Venture Capital & Private Equity industry. It employs 10to19 people and has 5Mto10M of revenue. The company is headquartered in Cambridge, Massachusetts.
Bpifrance
Founded in 2012, based out of France, Bpifrance finances companies - at each stage of their development - with credit, guarantees and equity. Bpifrance supports them in their innovation projects and internationally. Bpifrance also ensures their export activity through a wide range of products. Consulting, university, networking and an acceleration program for startups, SMEs and mid-cap companies are also part of the offer for entrepreneurs.
What's next for RingOver Group?
With its recent major strategic investment, RingOver Group is poised for accelerated expansion and further development of its collaborative cloud-based phone solutions. The substantial capital will likely fuel enhancements to its platform, enabling greater integration capabilities and advanced features to meet the evolving demands of its global enterprise clientele. This strategic financing is expected to bolster RingOver's market penetration in existing territories and potentially support entry into new geographical markets, solidifying its position as a leader in the competitive unified communications landscape. The company's focus on flexibility and mobility for businesses suggests continued investment in R&D to maintain its edge.
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