Companies · Telecommunications

Fuze, Inc.

Boston · Telecommunications

Diligence memoA one-page analyst read on Fuze, Inc. — recommendation, valuation, rhythm, risks.
$491.3M
Total raised · real
7
Rounds
0.1×
Latest step-up
Top 2%
Sector rank · raised
Series D+
Latest stage · inferred · Fri Jan 08 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

Fuze, Inc. looks under-valued against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the telecom sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Under-valued
  • Modeled value is 0.09× the median modeled value of Series D+ Telecommunications companies in 2019–2021 (7 peers) — value vs value, same stage and era.
Dormant
  • Last raise 5.5 yr ago; this sector typically re-raises about every 10 months.
  • Silent for over 3× the sector's normal cadence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Telecommunications

Fuze, Inc. is one of 929 Telecommunications companies tracked from Boston. By capital raised it ranks among the largest (ahead of 99% of sector peers), and in the upper tier by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
17
Investors (latest)
2021-01-08
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$1.3B$2.5B$3.8B$5.0BSeries B · 2012-09-26 Raised $17M (real) Modeled valuation $326M (est)Series B2012Series B · 2013-09-30 Raised $8.0M (real) Modeled valuation $154M (est)Series B2013Series C · 2014-11-24 Raised $57M (real) Modeled valuation $1.1B (est)Series C2014Series D+ · 2016-02-02 Raised $111M (real) Modeled valuation $2.2B (est)Series D+2016Series D+ · 2017-02-06 Raised $104M (real) Modeled valuation $2.1B (est)Series D+2017Series D+ · 2017-02-06 Raised $134M (real) Modeled valuation $2.7B (est)Series D+2017Series D+ · 2018-05-04 Raised $151M (real) Modeled valuation $3.0B (est)Series D+2018Series D+ · 2021-01-08 Raised $14M (real) Modeled valuation $248M (est)Series D+2021+$8.0M+$57M+$111M+$104M+$134M+$151M+$14MCumulative $595M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series B$16.9M · 2012
Series B extension$8.0M · 2013
Series C$56.7M · 2014
Series D+$111.0M · 2016
Series D+ extension$104.2M · 2017
Series D+ extension$134.2M · 2017
Series D+ extension$150.8M · 2018
Series D+ extension$13.6M · 2021

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$247.5M
Base estimate est.
$74.7M
Conservative case
$510.9M
Upside case
$113.3M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series D+a $100M–$400M round). Valuation is modeled from stage benchmarks scaled by the telecom sector profile. Directional, not a quoted figure.

Series B · modeled $326.0M · 2012-09-262012Series B · modeled $154.1M · 2013-09-30Series C · modeled $1.1B · 2014-11-24Series D+ · modeled $2.2B · 2016-02-02Series D+ · modeled $2.1B · 2017-02-06Series D+ · modeled $2.7B · 2017-02-06Series D+ · modeled $3.0B · 2018-05-04Series D+ · modeled $247.5M · 2021-01-082021
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
83%
Survival probability
66% low · 91% high
1.20×/yr
Annual markup
1.34×/yr upside case
5.5 yr
Elapsed time used
5.5 yr actual, capped for stale marks
telecom
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
14 mo
Avg between rounds
$59.3M/yr
Capital velocity
13.8 yr
On record since
2012
First round
8
Rounds on file
How it compares to the market

Benchmarked against 929 companies in Telecommunications. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 124× above median
This company$491.3M
Sector median$4.0M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 0.1× of median
This company$13.6M
Sector median$135.9M
Modeled value — vs sector median (estimate, all stages) 8.7× above median
This company$247.5M
Sector median$28.3M

Raised more than 99% of sector peers (real $). Modeled value above 84% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series D+) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #5 of 7.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0B$100.0M$1.0BCapital raised (log)Taurus Fundation · Series D+ Raised $200.0M · modeled $4.0B (est)Signal Flare Capital Corp · Series D+ Raised $210.0M · modeled $3.9B (est)DISH Network CORP · Series D+ Raised $186.0M · modeled $3.7B (est)Dialpad, Inc. · Series D+ Raised $135.9M · modeled $2.6B (est)OAO Acquisitions, Inc. · Series D+ Raised $160.6M · modeled $93.6M (est)Juniper Networks Inc · Series D+ Raised $163.6M · modeled $78.1M (est)Fuze, Inc. (this company) Raised $491.3M · modeled $247.5M (est)Fuze, Inc.
CompanyStageRaised · realValue · estvs peer med.
Taurus FundationSeries D+$200.0M$4.0B1.53×
Signal Flare Capital CorpSeries D+$210.0M$3.9B1.49×
DISH Network CORPSeries D+$186.0M$3.7B1.43×
Dialpad, Inc.Series D+$135.9M$2.6B1.00×
Fuze, Inc. this companySeries D+$491.3M$247.5M0.09×
OAO Acquisitions, Inc.Series D+$160.6M$93.6M0.04×
Juniper Networks IncSeries D+$163.6M$78.1M0.03×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series B$16.9M2012-09-26$94.1M$326.0M85%
Series B$8.0M2013-09-30$44.5M$154.1M85%
Series C$56.7M2014-11-24$378.1M$1.1B85%
Series D+$111.0M2016-02-02$924.7M$2.2B85%
Series D+$104.2M2017-02-06$868.3M$2.1B90%
Series D+$134.2M2017-02-06$1.1B$2.7B90%
Series D+$150.8M2018-05-04$1.3B$3.0B90%
Series D+$13.6M2021-01-08$113.3M$247.5M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series B$16.9M2012-09-26
    • First recorded raise — entered as Series B.
    • 7 investors on this round.
  2. Series B$8.0M2013-09-30
    • Raised 12 mo later, in step with the ~10 mo sector norm.
    • Round 2.1× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 06).
    • 5 investors on this round.
  3. Series C$56.7M2014-11-24
    • Raised 14 mo later, in step with the ~10 mo sector norm.
    • Round 7.1× larger than the prior — scaling up.
    • 6 investors on this round.
  4. Series D+$111.0M2016-02-02
    • Raised 14 mo later, in step with the ~10 mo sector norm.
    • Round 2.0× larger than the prior — scaling up.
    • 12 investors on this round.
  5. Series D+$104.2M2017-02-06
    • Raised 12 mo later, in step with the ~10 mo sector norm.
    • Round roughly the size of the prior one.
    • 11 investors on this round.
  6. Series D+$134.2M2017-02-06
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 12 investors on this round.
  7. Series D+$150.8M2018-05-04
    • Raised 15 mo later, in step with the ~10 mo sector norm.
    • Round roughly the size of the prior one.
    • 19 investors on this round.
  8. Series D+$13.6M2021-01-08
    • Raised again after 32 mo — slower than the ~10 mo sector norm.
    • Round 11.1× smaller than the prior — bridge or down round.
    • 17 investors on this round.
Intelligence
2022 ~Q1
Modeled next raise · ~14mo cadence
$13.6M
Modeled next size est.range $13.6M$21.8M
0.1×
Last step-up
$59.3M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Robert Goodman12 other2021-01
DAVID BAUM9 other2021-01
Keith Johnson7 other2018-05
Robert Hower6 other2021-01
Bob Goodman4 other2018-05
Bob Hower4 other2018-05
Bruce Evans4 other2018-05
Jay Markley4 other2021-01
RICHARD KIMBALL4 other2021-01
Brian Day2 other2018-05
Paul Milbury2 other2018-05
Colin Doherty1 other2018-05
Derek T. Yoo1 other2012-09
G. Steven Kokinos1 other2012-09
Steven Kokinos1 other2018-05
Andrew Ory2018-05
Andrew T. Ory2013-09
Brian Kardon2018-05
Brian T. Day2017-02
Bruce T. Evans2016-02
Chris Conry2021-01
Chris Doggett2018-05
Colin T. Doherty2017-02
Daniel T. Haarmann2012-09
Registry & provenance

Fuze, Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1559210
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Actifio, Inc.Other TechnologySeries C$237.5M$1.9Bnetwork3 shared operators
Thinking Phone Networks, LLCTelecommunicationsSeed$7.8M$41.6Mnetwork2 shared operators · same sector
Packet Design IncTelecommunicationsSeed$6.5M$7.5Mnetwork2 shared operators · same sector
Affirmed Networks, Inc.TelecommunicationsSeries C$100.8M$755.0Mnetwork1 shared operator · same sector
BTI Systems Inc.TelecommunicationsSeries B$95.4M$86.6Mnetwork1 shared operator · same sector
Telecom Transport Management IncTelecommunicationsSeries C$71.1M$79.4Mnetwork1 shared operator · same sector
Juniper Networks IncTelecommunicationsSeries D+$163.6M$78.1Msame sector · same stage
OAO Acquisitions, Inc.TelecommunicationsSeries D+$160.6M$93.6Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Fsa Technologies, Inc.TelecommunicationsPre-Seed$2.7M82%
FaZe Holdings Inc.Other TechnologyPre-Seed$2.2M80%
Affiniti Ventures, Inc.TelecommunicationsSeries A$37.6M80%
Telescent, Inc.TelecommunicationsSeries A$156.1M80%
Eino, Inc.TelecommunicationsSeries A$19.3M80%
Airwavz Inc.TelecommunicationsPre-Seed$9.7M80%
Cyberreef Solutions, Inc.TelecommunicationsSeries A$9.8M80%
Critical Telephone Applications, IncTelecommunicationsPre-Seed$2.7M80%
Frequently asked
How much funding has Fuze, Inc. raised?
Fuze, Inc. has raised approximately $491.3M in disclosed capital across 7 recorded financing rounds, aggregated from public filings.
What is Fuze, Inc.'s estimated valuation?
Provath's modeled valuation for Fuze, Inc. is approximately $247.5M (modeled range $74.7M–$510.9M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Fuze, Inc. at?
Fuze, Inc.'s latest modeled financing stage is Series D+. Its most recent recorded round closed around Fri Jan 08.
What does Fuze, Inc. do and where is it based?
Fuze, Inc. operates in the Telecommunications sector, based in Boston.
Explore related

See where Fuze, Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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