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Cpaas Frontrunner Intelepeer Secures $110M In New Funding Bringing 18 Month Total To Over $170M

May 25, 2021about 4 years ago

Amount Raised

$110 Million

San Mateo

Description

IntelePeer, a leading Communications Platform as a Service (CPaaS) provider, is pleased to announce the completion of $110M in new funding, with $75M in convertible notes and debt financing from Sixth Street Growth and $35M in equity from Savant Growth. Building on a recent credit facility of over $60M from Sixth Street Growth to further accelerate the growth and innovation of its enterprise-centric Atmosphere® CPaaS platform, the new funding allows continued execution on IntelePeer’s growth and acquisition strategy to become the world’s leading CPaaS innovator.

Company Information

Company

Intele Peer

Location

San Mateo, California, United States

About

IntelePeer powers the new customer experience. Our Atmosphere® CPaaS enables companies to communicate better – driving more revenue, improving their customer experience, and making better business decisions – leveraging omni-channel Automation & Self-Service, AI, and Analytics, all delivered through a single easy-to-use cloud platform that works seamlessly with your existing business solutions. For more information visit: www.intelepeer.com.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech