nfon AG provides outsourced cloud phone systems (IP-Centrex) and related services, operating its phone system within a redundant, high-performance computing center. The company serves over 5,000 business customers, including SMEs and larger organizations such as Allianz, Engel & Völkers, Lafarge, Tegut and Thomson Reuters, as well as numerous public entities. nfon offers hosted telephony and associated services to both small and large corporate clients. The company said it will use new capital to support globalization plans and continued growth, particularly in the large customer segment. nfon was founded in 2007 and is led by CEO Rainer Koppitz. It is based in Munich, Germany. nfon offers virtual telephone systems (IP Centrex) delivered from the cloud. Its service is operated by a fully redundant, high-performance computer centre and provides a spectrum of services at lower cost than a conventional phone system. The company received an additional investment from BayernLB Capital Partner that supplements recent financing from Earlybird Venture Capital, MIG Fonds and High‑Tech Gründerfonds. nfon intends to use the funding to strengthen its brand and expand its distribution network. The company was founded in Munich in 2007 and is led by CEO Marcus Otto. nfon offers outsourced telephone systems called IP Centrex as a complete package from a single source, operated by a fully redundant, high-performance computer centre and featuring more than 100 functions. The solution is designed to enable companies of all sizes to save up to 50% of the costs of a conventional phone system. The company has expanded its distributor base rapidly, having signed over 100 new distributors since June 2010. nfon intends to use the new funds to expand its distributor channel through a partner programme. Management expects indirect sales to grow from under 18% of revenues to more than half by mid-2011. The business is based in Munich, Germany.

Total raised

$5M

Funding rounds

3

Latest round

Equity

Latest activity

Nov 2010