# Speakeasy

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

- Industry: Internet
- Headquarters: Seattle, US
- Website: www.speakeasy.net
- Total disclosed funding: $41M
- Latest round: Series D (Mar 15, 2004)
- Investors on record: 6

## About

Speakeasy is a cloud solution provider specializing in voice over internet protocol (VoIP) and connectivity solutions for businesses, enhancing communication efficiency through a suite of innovative services.Founded in 1994 in Seattle, US, Speakeasy is a provider of communication solutions focusing on VoIP services. The company was acquired by Best Buy Co., Inc. for USD 97 mn on March 27, 2007. Speakeasy's founders include Inessa Baronovskaia and Rob Forrest, with Fred Arnold currently serving as CEO.Speakeasy offers a range of communication and connectivity solutions designed to support business operations. Their services include high-speed broadband options such as Fiber, Ethernet, T1, Business DSL, Cable, and Wireless Broadband. Additionally, they provide VoIP and Unified Communications services that facilitate cost-effective communication and enhance collaboration among teams. Their Cloud PBX solutions allow remote workers to stay connected through a unified business phone line, promoting productivity with features like call forwarding and audio conferencing. Speakeasy caters to a variety of businesses, placing a strong emphasis on reliable and scalable internet solutions.Speakeasy's revenue model primarily relies on subscription services, engaging customers in long-term contracts for communication and connectivity solutions. Their offerings encompass hosted voice services and internet packages, which are billed monthly. They also provide managed network services and SIP Trunking solutions, allowing businesses to manage their telecommunication needs efficiently. This diverse revenue structure supports a client base ranging from small businesses to larger enterprises, tailored to their unique operational requirements.Following its acquisition in 2007, Speakeasy aims to leverage its resources for future growth by developing new products tailored for enhanced digital communication. The company is strategically focused on expanding its market presence in major metropolitan areas across the US by 2025. The funding received from Best Buy Co., Inc. will be utilized to support these initiatives, ensuring that Speakeasy continues to meet the evolving demands of the communication sector.

## Funding rounds

- Series D, Mar 15, 2004, $24M — 3i, Ares Management, Headline, Granite Ventures, BV Cornerstone Ventures, Matthew G. Norton Co.
- Series B, Jun 10, 2002, $6M — Granite Ventures, BV Cornerstone Ventures, Matthew G. Norton Co.
- Series A, May 1, 2000, $11M — Granite Ventures

## Investors

- Granite Ventures (https://capitalatlas.ai/funds/granite-ventures) — Series A, Series B, Series D
- BV Cornerstone Ventures (https://capitalatlas.ai/funds/bv-cornerstone-ventures) — Series B, Series D
- Matthew G. Norton Co. — Series B, Series D
- 3i (https://capitalatlas.ai/funds/3i) — Series D
- Ares Management (https://capitalatlas.ai/funds/ares-management) — Series D
- Headline (https://capitalatlas.ai/funds/headline) — Series D