Paris-based Ringover secures €10M to simplify your business phone system; here’s how

The Cloud is on the rise! Cloud-based solutions are the quintessential answer to various organisational problems at present. 

Particularly in the communication industry, Cloud-based solutions are paving new ways for the new and innovative business model, allowing companies to scale across the globe.

The recent COVID-19 pandemic has significantly pushed the use of cloud communications further than most people expected. With lockdowns and remote working, many companies adopted cloud telephony services due to their flexibility and cost-efficiency. 

Secured €10M to power communication 

Based out of Paris, Ringover is one such company that tries to fill this gap with its all-in-one communication solution for SMEs. Recently, the French SaaS company has raised €10M in Series A funding from Expedition Growth Capital to power its communication platform. 

The new funding will allow the company to roll out new innovative features to the platform, grow the team by 100 people, and expand its reach in countries such as Spain, the US, and the UK.

Simple & intuitive solution

Back in 2005, two telecom enthusiasts – Jean-Samuel Najnudel and Renaud Charvet wanted to develop simple & intuitive communication solutions that help companies to focus on their core business. And thus Ringover was born. 

After three years of development, the company transformed the business phone system from a limited tool into an easy-to-use software product, accessible from anywhere, at any time, without the need for specialist support, according to the company. 

Right now, the company combines unlimited calling, call centre tools, shared messaging and video conferencing into one easy-to-use application for SMEs. Recently, Ringover added various tools like real-time statistics, supervision, and coaching features to improve sales onboarding and remote training. 

800 per cent increase in revenues

According to the company, “Ringover has seen phenomenal growth and demand for its product since 2018, with revenues increasing over 800 per cent and more than 10,000 companies now opting for Ringover’s easy-to-use software which integrates with top CRM and Helpdesk tools to boost productivity.”

The French company works with European tech recruitment platform talent.io, digital marketing platform Sendinblue, and freelancer marketplace Malt. 

Renaud Charvet, Ringover CEO, and co-founder says: “Ringover’s mission is to become a major player in enterprise communications through providing its all-in-one communications solution to SMEs around the world. The past year has demonstrated the need for scalable solutions, accessible anytime and anywhere, which are integrated with business tools to boost productivity. We look forward to working with Expedition Growth Capital to bring Ringover’s tech to more SMEs around the world to assist them in running their businesses in the most efficient way possible.”