# NetFortris

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

- Industry: Software
- Headquarters: Seattle, US
- Website: www.netfortris.com
- Total disclosed funding: $8M
- Latest round: Series A (Sep 4, 2007)
- Investors on record: 2

## About

NetFortris, Inc. specializes in communication solutions, providing Unified Communications as a Service (UCaaS) and managed network services aimed at enhancing business collaboration and connectivity across various industries.Founded in 1994 in Seattle, US, NetFortris, Inc. offers innovative communication solutions tailored for businesses. The company has undergone strategic pivots, particularly enhancing its focus on cloud-based services. The latest funding round, a VENTURE DEBT of USD 5.50 mn led by Wellington Financial, brings the total amount raised to USD 8.00 mn. The current leadership includes CEOs Gavin Tang and Jonathan Goetsch.NetFortris provides a broad range of communication solutions designed to facilitate business collaboration. Their offerings include Unified Communications as a Service (UCaaS), Communications Platform as a Service (CPaaS), and managed network security services. These solutions support seamless team collaboration, video conferencing, and contact center operations, catering to diverse sectors such as education, healthcare, hospitality, manufacturing, and retail. With a client base exceeding 100,000 globally, their services are available through both cloud-based and on-premises models.NetFortris generates revenue primarily through subscriptions and managed services agreements. Their pricing strategy involves monthly subscriptions for UCaaS and CPaaS, allowing businesses to pay according to their usage. The company's key products, including video conferencing solutions, help in client retention and drive consistent revenue through service renewals and upgrades. Additionally, partnerships with resellers and channel partners enhance revenue through expanded service distribution.NetFortris is planning to launch new products aimed at enhancing communication technology capabilities within the next year. The company is also targeting expansion into European and Asian markets by 2025, leveraging recent funding to enhance product development and market entry strategies. The latest VENTURE DEBT funding will support these initiatives, along with enhancing operational capabilities following the acquisition of Telekenex by TelePacific Communications, a portfolio company of Investcorp, in May 2011.

## Funding rounds

- Series A, Sep 4, 2007, $8M — Altos Ventures, Walden VC

## Investors

- Altos Ventures (https://capitalatlas.ai/funds/altos-ventures) — Series A
- Walden VC (https://capitalatlas.ai/funds/walden-vc) — Series A