Choate recently represented Summit Partners as lead investor on the round
Fuze, the leading cloud-based communications solution provider for the modern global enterprise, completed a financing round of $150 million. The investment will be used to accelerate product innovation, and drive global expansion to serve the growing enterprise market demand for cloud communications. The round was led by Boston-based Summit Partners, with participation from Bessemer Venture Partners and other existing investors––bringing Fuze’s total funding to $484.8 Million.
Fuze has been aggressively investing in product innovation over the past year. The company today announced the new Fuze 5.0 platform, which helps businesses streamline communications and collaboration for their extended team ecosystems of independent contractors, vendors, partners, and customers. In March, Fuze announced it had joined forces with AppNeta to deliver a new Real-Time Network Monitoring service that gives Fuze customers real-time visibility into network performance and the ability to resolve issues before they affect the quality of communications. The company also introduced Fuze Web, enhancing the Fuze platform by enabling any user or guest participant to enjoy the same experience as Fuze Desktop without needing to install an app or browser extension.
Choate advised Summit Partners with a team including T.J. Murphy (Picture), Robert M. Buchanan Jr., Louis J. Marett, Lyndsey M. Kruzer, Anthony Cahill and Alexandra C. Fischbein.
Law Firms: Choate;
Clients: Summit Partners;