December 11, 2018

AVOXI Secures $10M in Growth Capital Financing

Avoxi Release  /  Avoxi

AVOXI, the leading Communications as a Service (CaaS) provider to global contact centers, today announced a $10M financing round from Ballast Point Ventures ("BPV"). The investment will be used to accelerate product development, sales, and marketing efforts as the Company expands its global reach and service portfolio.

"AVOXI is on a roll," said David Wise, AVOXI founder & CEO, "and this investment is a testament to the work of our entire team. The financing helps fuel the opportunities we have to expand our offerings to serve the contact center needs of our customers around the globe."

Founded in 2001, AVOXI provides global virtual phones numbers and cloud software to more than 2,400 contact centers worldwide. The Company operates from facilities in Atlanta as well as from its Charleston innovation hub.

Today, AVOXI provides toll free numbers from more countries than any other in the industry. The Company also offers local telephone numbers which give businesses the advantage of a virtual presence in markets where a physical location does not exist. In addition, AVOXI's cloud contact center services provide clients predictive technology and tools to help them operate more efficiently.

"We are excited to partner with David and his team to drive continued contact center market leadership and technology innovation," said Paul Johan, Partner at Ballast Point Ventures, who will join AVOXI's Board of Directors. "BPV has a strong history of supporting high-growth cloud software and communications companies throughout the Southeast, and we believe AVOXI has done an impressive job building a global communications business to serve the ever-evolving needs of its customers. We see significant growth opportunities in all phases of the AVOXI business."

"With the capital from BPV and the long history of successful innovation at AVOXI, David has positioned the Company to take advantage of the evolution occurring in the call center software sector," observed Wain Kellum, an existing AVOXI investor, Board member, and serial entrepreneur.

BPV Partner Robert Faber, who will serve as a Board Observer, commented, "We have been very impressed with David and his team. They have built an innovative company, one we believe is poised to capitalize on the big opportunity ahead of them."