Leading White Label UCaaS Provider RingLogix Raises $3M Series A
Summary
The global UCaaS market is expected to grow at a compound annual growth rate of 23.6% from 2021 to 2028 and reach USD $210 billion by 2028 according to Grand View Research, Inc.Proceeds from this investment will enable the company to accelerate product innovation and the growth of its single-pane-of-glass management console, further empowering MSPs to easily deploy quality VoIP and UCaaS solutions to their customers, while also offering the potential to dramatically increase their margins. Since the companys founding, we have proven our technology with hundreds of MSPs with very low churn rates and high levels of customer satisfaction. RingLogix was directly in our sweet spot and we feel that with the market momentum the company has, along with its superior leadership and the increasing importance of MSPs in purchasing decisions, RingLogix is well-positioned for years of rapid growth and success.Rich Tehrani, CEO of RT Advisors said, I am thrilled to be, on behalf of RT Advisors and Four Points Capital Partners, LLC, the investment banker involved in this series A capital raise. The firms partners, who average more than 20 years of venture capital experience, actively collaborate with entrepreneurial management teams to build leading companies that accelerate the digital transformation of the world economy. For more information, visit mkcapital.com.A well-respected voice in the technology space, RT Advisors Founder and CEO Rich Tehrani has been interviewed and quoted by The Economist, Boston Globe, Newsweek, WABC Radio, WMAL, New York Times, BusinessWeek, USA Today, The LA Times and CGTN.After years of being an informal M&A and funding advisor while running media company TMC and the tech conference ITEXPO, Rich Tehrani became an Investment Banking Rep on the Four Points Capital team to more formally help clients with their fund-raising, debt and M&A needs.Tehrani and his team do business via RT Advisors while securities are offered through Four Points Capital Partners, LLC.
Funding
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