Nextiva Receives New Funding from Goldman Sachs to Accelerate Growth

VoIP and cloud communications solutions provider Nextiva has revealed that banking powerhouse Goldman Sachs has invested $200 million to help boost growth, product development, and form stronger customer relationships.

The funding was received after Nextiva completed its first external funding round, which brought the company’s total valuation to $2.7 billion.

“Goldman Sachs is helping advance our mission, which from day one has been to help businesses grow by giving every company access to powerful business tools,” said Tomas Gorny, co-founder and CEO, Nextiva. “Nextiva creates a seamless experience by surfacing insights and learnings from every interaction. By doing this, Nextiva enables companies of all sizes and their teams to better understand and serve their customers and accelerate the growth of their business.”

The investment from Goldman Sachs makes perfect sense when one considers the skyrocketing demand of both cloud and communications services in the post pandemic economy. Nextiva has been highly active in the news over the last year, with news related to company expansion, success within the market as well as for leadership changes. With this new funding, Nextiva plans to focus development attention on new AI and automation enhanced solutions, as well as to initiate plans for global expansion.

“As a native communications company, Nextiva is at the nexus of customer conversation and engagement.” commented Stephen Kerns, a vice president within Goldman Sachs Asset Management “They have built a market-leading business with an outstanding team, and we look forward to supporting Nextiva as they help companies discover the power of connected communications.”

Edited by Maurice Nagle