# Boftel

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/boftel

- Industry: Telecoms
- Headquarters: Helsinki, Finland
- Website: www.boftel.com
- Latest round: Seed (Jan 1, 2013)
- Investors on record: 1

## About

Boftel Oy is a telecommunications company focused on delivering advanced communication solutions, including VoIP services and cloud-based platforms, to enhance connectivity for businesses across various sectors.Boftel Oy, headquartered in Helsinki, Finland, was founded in 2012. The company specializes in telecommunications solutions designed for business communication. In June 2016, Voimatel Oy acquired Boftel Oy from Verso Capital. The CEO and founder, Janne Vartiainen, has been instrumental in steering the company through its growth phases, overseeing two notable deals since its inception.Boftel provides a range of advanced telecommunications solutions aimed at improving communication for businesses. Their offerings include a suite of VoIP services, cloud-based communication platforms, and integrated messaging solutions, all designed to resolve common challenges faced by organizations in communication efficiency and cost management. The company caters to a diverse clientele, including SMEs and large enterprises, particularly in North America, Europe, and Asia-Pacific regions, where demand for reliable communication services continues to grow.In 2019, Boftel generated revenue of USD 127.12 mn, while reporting an EBITDA of USD -3.67 mn. The company operates on a subscription-based revenue model, allowing clients to subscribe to various tiers of their telecommunications services and ensuring a predictable cash flow stream.Boftel plans to leverage their recent acquisition to enhance product offerings and expand their market presence. The company is currently focusing on the development of new VoIP and cloud communication solutions, targeting a launch within the next year. Additionally, Boftel aims to penetrate new markets in the Asia-Pacific region by 2025. The funding secured from the acquisition will be utilized to support product development and facilitate their expansion strategies.

## Funding rounds

- Seed, Jan 1, 2013 — Verso Capital

## Investors

- Verso Capital (https://capitalatlas.ai/funds/verso-capital) — Seed