IntelePeer, a US-based cloud communications software provider that counts energy utility EDF among its earlier investors, closed $110m in debt and equity financing yesterday.
Sixth Street Growth, an offshoot of investment firm Sixth Street, provided $75m in convertible note and debt financing for the round while private equity firm Savant Growth supplied $35m in equity funding. The company revealed Sixth Street Growth had previously provided it with a $60m credit facility.
Founded in 2013, IntelePeer has built an enterprise-grade communication platform which combines voice and messaging options with applications, open application programming interfaces and data analytics tools.
Horizon Technology Finance Corporation had supplied a $35m venture loan facility for the company in 2018. It had raised more than $50m in total as of a $15m round in 2013 featuring EDF subsidiary EDF Ventures, VantagePoint Capital Partners, Kennet Partners and Northcap Partners.
VantagePoint Venture Partners had led an $18m round for IntelePeer in 2008, following $5m from investors including EDF Ventures, Kennet Partners and IVS Fund earlier the same year according to a regulatory filing.
Frank Fawzi, chief executive of IntelePeer, said: “The momentum of the past years has been remarkable. Our highly differentiated turnkey solutions can be rapidly deployed, and this is of critical value for our customers, in a time when uncertainty is the norm.
“With increased investment in 2021, we move swiftly toward our goals to dominate the high-value [communications-platform-as-a-service] space.”
