French cloud-based telephony platform Aircall has raised $65 million in Series C funding to capitalise on the surge in remote communication needs. The round was led by DTCP, with participation from new investors Swisscom and Adam Street, as well as existing investors Balderton Capital, Draper Esprit, eFounders and NextWorld. The Paris-based scale-up wants to replace outdated phone systems with an integrated voice platform, bringing business tele-communications to the cloud. The service is used by 5,000 businesses worldwide, 3,000 of which are based in Europe, such as Natwest, Spareroom, Mindful Chef, Glovo and Soldo.
The French company has raised over $100 million to date, including a $29 million Series B two years ago, an $8 million Series A and a $2.75 million seed round back in 2016. With the latest funding, Aircall plans to hire 100 new team members and double its customer base by the end of the year. “Aircall has a foothold in a worldwide market that represents over €50 billion in expenses annually,” says co-founder and COO Jonathan Anguelov. Commenting on the investment, he added: “This new funding round hits right when the market is the most favorable for us. The accelerating digital transition of companies around the world, the rapid increase in cloud usage and the new working methods that these imply are very promising for our development.”
Photo: Aircall founders