Leading White Label UCaaS Provider RingLogix Raises $3M Series A
Leading white-label UCaaS provider RingLogix received a $3M series A investment from MK Capital to strengthen its position as one of the fastest-growing software companies enabling managed service providers (MSPs) to brand and resell unified communications as a service. 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. As customers of RingLogix, MSPs can effectively own the UCaaS customer relationship, while simultaneously increasing the profitability and value of their businesses.
Albert Diaz, CEO of RingLogix said, "This investment represents the next chapter in the RingLogix story. Since the company's founding, we have proven our technology with hundreds of MSPs with very low churn rates and high levels of customer satisfaction. These investment proceeds will be used to turbocharge our product development, bringing more integrations and new solutions to help our partners expand their business and grow their profits."
Bret Maxwell, Managing General Partner of MK Capital said, "The RingLogix investment was a natural for our firm. We have successfully invested in and aided in the growth of infrastructure software companies, as well as those who target MSPs. 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, ingLogix 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. Throughout the process, RingLogix demonstrated they are a company with effective product-market-fit and their management has a solid vision for the future, as well as the ability to execute. MK Capital's understanding of the markets and long-term investment outlook makes them a natural partner for tech companies looking for more than just capital - they bring a wealth of experience to their portfolio companies which aids in faster growth and more successful exits."
RingLogix is a software company based out of Miami, Fl, that develops RingOS, a service delivery platform that enables Channel Partners and Managed Service Providers (MSPs) to quote, activate, bill, and support their own branded VoIP and UC services. Powering 350+ providers and nearly 50k users, RingOS has proven to enhance the providers experience with automated workflows, integrated billing, and sticky customer solutions with profit margins greater than 70%. For more information, visit https://ringlogix.com.
About MK Capital
MK Capital is an early-stage lead investor in the software and cloud services industries. The firm's 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. MK Capital manages more than $300 million in capital and is actively seeking new investment opportunities. For more information, visit mkcapital.com.
About RT Advisors
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. (FPCP). Member FINRA/SIPC. RT Advisors and FPCP are not affiliated. For more information, visit rt-advisors.com.