Viirtue raises $10.8M in funding to optimise the communications industry
Viirtue, a wholesale voice and UCaaS provider, has recently announced that it has raised $10.8 million in Series A funding from Ballast Point Ventures IV. The company aims to use this investment to expand and enhance its innovative ViiBE platform, which is a UC suite and hosted PBX that can be deployed to clients.
The ViiBE platform is a tool that aims to simplify the communications industry. It is quoting reimagined and tax complexity solved, enabling agents and value-added resellers to become digitised service providers. The platform offers a turnkey solution for sales, quoting, tax automation, marketing, and online learning, transforming resellers into service providers.
Viirtue's mission is to provide a go-to-market strategy for wholesale and retail through agent partner and white label partner programs. The company continually seeks ways to evolve and offer the best products and services in the industry, and this latest funding is expected to help it achieve this goal.
Daniel Rosenrauch, who co-founded Viirtue with Rob Finch in 2017, expressed his excitement about the investment. "We are thrilled to have the support of Ballast Point Ventures as we continue to fulfill our mission to digitise channel partners and resellers," he said. "Since launching Viirtue, our mission has been to provide our customers with the best possible tools and services to succeed in a rapidly evolving market."
ViiBE's cloud-native, streamlined digital procurement to fulfillment software is popular with its partners, and this latest injection of funding enables Viirtue to accelerate its growth and adoption in the market. The platform enables agents and resellers to invoice clients for their usage and appropriate taxes, order carrier services from a dashboard, and quote more efficiently with collaborative quoting.
Sean Barkman, partner at Ballast Point Ventures, believes that Viirtue is well-positioned to continue its growth trajectory. "Viirtue is at the forefront of a rapidly evolving market, and we believe the company is well-positioned to continue its growth trajectory,” he said.
The funds will help Viirtue take the next step in its mission to simplify the communications industry. The company's innovative approach to the industry has been well-received by its partners, and the investment is expected to further enhance its capabilities.
Viirtue's recent funding round is a significant step towards the company's mission to simplify the communications industry. The ViiBE platform offers a range of tools and services that enable agents and resellers to become digitised service providers. With this latest investment, Viirtue is well-positioned to continue its growth trajectory and offer the best products and services in the industry.