February 9, 2017
Fuze raises another $104m
By Curt Woodward, Globe Staff
It’s impressive when a startup raises $100 million in venture funding. But doing it twice puts Fuze Inc. in rarefied territory.
Cambridge-based Fuze, which makes phone, videoconference, and messaging software, said Wednesday that it had raised $104 million. The new investment round, led by Boston financial giant Wellington Management Co., comes about a year after Fuze raised $112 million from private investors.
“This fully funds our plan and puts us in a great position,” chief executive Steve Kokinos said. “It’s up to us. We’re not going to be in a rush to do anything.”