FuzeBox Targets Global Expansion September 17, 2013
SAN FRANCISCO â€“ Targeting global expansion, FuzeBox, a leading cloud-based provider of real-time communication and collaboration solutions, today named former Yammer and Salesforce.com executive David Obrand as CEO, and announced $26 million in Series B financing led by Hermes Growth Partners with additional funding from Series A investors Index Ventures, Khosla Ventures and Insight Venture Partners. The company also announced a new freemium service to drive rapid adoption by allowing customers to experience the value of FuzeBox before subscribing. "Loss of productivity has burdened the distributed workforce for far too long and it is time that changed. FuzeBox is redefining the real-time collaboration experience across teams and organizations of all sizes, in any location and on any device," said Obrand. "I am thrilled to join FuzeBox at such a pivotal time in its growth. We will use the new capital to expand our technology leadership, drive viral freemium adoption, scale global sales and marketing, and build a world-class support organization focused on customer success. I am excited to have Hermes Growth Partners involved given their experience in communications, mobile and international expansion." Prior to joining FuzeBox, Obrand was Chief Customer Officer at Yammer, playing an instrumental role in the company's explosive growth and eventual acquisition by Microsoft for $1.2 billion in 2012. Prior to Yammer, Obrand spent a decade at Salesforce.com. Obrand will join the FuzeBox board of directors, along with Bobby Yerramilli-Rao, founder and partner at Hermes Growth Partners. Joining Obrand, former Yammer and Salesforce.com sales leader Mary Pecka was named Chief Customer Officer and will lead worldwide sales operations and customer engagement. Former Yammer and Microsoft executive Georg Ell was named Vice President and General Manager, EMEA and will lead international expansion beginning with the European market. Former Yammer finance executive Jonathan Grant was named Vice President of Finance and will be leading finance, accounting and investor relations. Including Series B funding, FuzeBox has raised a total of $46M to date.
Published on Oct 21, 2013