# Clearfly Communications

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/clearfly-communications

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.clearfly.net
- Total disclosed funding: $35M
- Latest round: Series C (May 30, 2008)
- Investors on record: 3

## About

Clearfly Communications provides advanced telecommunications solutions, focusing on high-quality SIP trunking and voice services, ensuring efficient communication for businesses across North America.Founded in 2007 in San Francisco, US, Clearfly Communications specializes in telecommunications solutions. The company was co-founded by Chris Hunter and Cody Lerum, with Vivek Khuller serving as the current CEO. Clearfly has successfully completed 7 deals, with its latest funding round occurring on December 29, 2010, where it raised USD 2.49 mn, bringing the total amount raised to USD 2.49 mn.Clearfly Communications specializes in advanced telecommunications solutions, primarily offering high-quality SIP trunking and comprehensive voice services designed to enhance communication for businesses. Their core product, SIP trunking, enables businesses to connect their private branch exchanges (PBXs) to the internet, facilitating efficient voice and multimedia communications. This service is particularly beneficial for companies seeking reliable, cost-effective voice solutions that enhance operational efficiency and reduce costs. In addition to SIP trunking, Clearfly provides Unified Billing services, which allow partners to consolidate billing for various service agreements under one invoice, streamlining financial management for their clients. Clearfly's offerings cater to a diverse client base that includes telecommunications professionals and businesses across multiple geographical markets, such as North America, particularly the United States and Canada, addressing their need for dependable and innovative voice services.Clearfly Communications generates revenue through a structured business model that emphasizes partnerships with telecommunications providers and resellers. By offering services such as SIP trunking and Unified Billing, the company establishes B2B relationships where partners can offer Clearfly's solutions to their end customers. Revenue transactions typically involve subscription-based agreements, where partners pay a recurring fee for access to Clearfly's services, which may include tiered pricing based on usage levels or service features. The Unified Billing service further enhances revenue streams by allowing Clearfly to co-label invoices for its partners, facilitating seamless transaction management and collection of client payments. This approach not only increases efficiency but also encourages customer loyalty and retention, as partners benefit from Clearfly's support and comprehensive service offerings.Clearfly Communications plans to enhance its product offerings by developing new telecommunications solutions aimed at improving client efficiency, with potential releases expected in the near future. The company targets expansion into new markets, specifically aiming to establish a stronger presence in Canada by 2023. The proceeds from the recent funding round of USD 2.49 mn will be allocated towards these product developments and market expansion efforts.

## Funding rounds

- Series C, May 30, 2008, $12M — Clearstone Venture Partners, Menlo Ventures
- Series B, Aug 1, 2006, $15M — Clearstone Venture Partners, Menlo Ventures
- Series A, Apr 17, 2006, $8M — Clearstone Venture Partners, Lighthouse Capital Partners

## Investors

- Clearstone Venture Partners (https://capitalatlas.ai/funds/clearstone-venture-partners) — Series A, Series B, Series C
- Lighthouse Capital Partners — Series A
- Menlo Ventures (https://capitalatlas.ai/funds/menlo-ventures) — Series B, Series C