Cloud communications platform company Infobip has secured north of $200 million from private equity firm One Equity Partners in a deal which values the Croatia-based scale-up at over $1 billion, according to an exclusive report from Reuters based on sources.

Founded in 2006, this was the first external round of funding for Infobip, which offers a cloud-based platform that enables businesses to build ‘connected customer experiences’ across a multitude of channels, including SMS, WhatsApp, Viber and Facebook Messenger.

The company boasts 600+ direct-to-carrier connections, which enables it to connect its business to a potential 7 billion ‘people and things’.

According to Reuters’ sources, Infobip will now focus on expanding its business and is considering an IPO in the United States at a later date.

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