Goodwin Procter represented Fuze, Inc. (formerly, ThinkingPhones) in its recent $112 million Series E round of funding led by Summit Partners and existing investors Bessemer Venture Partners and Technology Crossover Ventures. In connection with the closing of its Series E financing, the company also changed its name from “ThinkingPhones” to “Fuze” to reflect the evolution of its product offerings beyond just telecommunication services. Since its formation in 2006, Fuze has taken in more than $200 million in financing. Goodwin previously advised Fuze in its Series C and Series D financings, as well as its general corporate and M&A matters.
Based in Cambridge, MA, Fuze’s mission is to provide communications solutions that seamlessly integrate voice, text and conferencing services on a single cloud platform. Recent acquisitions of Contactive, Inc. and Fuzebox Software Corporation have accelerated the company’s development of a full, cloud-based, communications stack that not only provides these major communication services, but also pulls them together and provides contextual data to link the business call to real business requirements.
The Goodwin team was led by partner Ian Engstrand (Technology and Life Sciences), and included associate Daniel Isaacs (Corporate), counsel Ginggi Storer and associate Dave Rouse (IP).
More information on the funding and its investors is available in Fuze’s press release. Media coverage has included articles in TechCrunch, Forbes, and Xconomy.