17 December 2019:
Voximplant has raised $10 million in Series B round of funding. The funding round was led by Baring Vostok. RTP Ventures also participated in the funding round.
The Untitled Ventures, an early investor in Voximplant, made an exit during the round.
The company will use the fresh capital to further expand its global go-to-market capabilities, focusing on North America initially, with additional geographies to be announced.
Matvey Vinokurov, investment manager at Baring Vostok, will join Voximplant’s board of directors and Kirill Sheynkman, founder and senior managing director of RTP Ventures, will join as a board observer.
Alexey Aylarov, CEO and co-founder, Voximplant, said, “Voximplant has a unique, serverless platform that consistently beats other CPaaS providers in head-to-head competition for one simple reason: Businesses and developers using Voximplant deliver differentiated services to the market faster.”
Alexey Aylarov, added, “Our growth rate has been phenomenal over the past few years, averaging 100% revenue growth. With our highly engaged customer base and continuing track record for innovation, we see an opportune moment to expand into the North American market which we expect will allow us to book more than $100 million in annual revenue within just a couple of years.”
Elena Ivashentseva, Senior Partner at Baring Vostok Capital Partners, said, “Baring Vostok are pleased to have the opportunity to invest so early in what is already a company that has a proven business model and has clearly identified an important market need. Voximplant has both impressive customer momentum, as well as a highly innovative solution. This is truly rare in a young company, only six years old.”
Tony Jamous, former CEO and co-founder of CPaaS trailblazer Nexmo, said, “The CPaaS market is still in its infancy, shifting from the early adopters, digital-first businesses such as Uber and Airbnb, to the early majority. Enterprises now realize that they must use APIs to modernize the way they engage and communicate with their customers.”
Tony Jamous, added, “Robust communication API platforms such as Voximplant can play a critical role in enabling this customer engagement transformation.”
(Image – Voximplant)