IntelePeer, a Dania Beach, Florida-based company specializing in AI-driven communications automation, has raised $140 million in growth funding and debt financing.
Investors
The funding round was co-led by Savant Growth LLC and VantagePoint Capital Partners, with additional support from Savant’s limited partners, including Coller Capital, Hollyport Capital, Manulife Investment Management, and Achmea. Vector Capital, through its new direct credit strategy, Vector Velocity, led the debt financing.
Savant Growth is a US-based Growth Equity Fund that invests in SaaS and tech companies. It provides capital for growth and founder liquidity and offers SaleSavant and DevSavant—tools designed to accelerate growth for capital-efficient SaaS firms. Their mission is to help CEOs build market leaders, partnering with Kennet to achieve global success for their companies.
Established in 1996, VantagePoint Capital Partners is a global venture investor supporting companies from start-up to scale-up. They invest in biochemicals, technology, social media, communications, and healthcare sectors and serve customers worldwide.
IntelePeer Use of Funds
The company will use the funding to advance its mission of transforming contact centers and enhancing customer experiences through advanced AI and automation technologies.
About IntelePeer
IntelePeer specializes in AI-powered communications automation solutions. The company focuses on revolutionizing business-customer interactions through advanced technology. Their services include automating customer interactions across various communication channels, such as voice, messaging, and digital platforms. IntelePeer employs artificial intelligence (AI) to streamline and enhance customer service processes. Their technology is utilized across various industries, including healthcare, retail, financial services, logistics, and insurance, to improve service delivery and achieve significant cost savings.
Funding Details
Company: IntelePeer Cloud Communications LLC
Raised: $140.0M
Round: Growth and Debt Financing
Funding Month: July 2024
Lead Investors: Savant Growth LLC, VantagePoint Capital Partners
Additional Investors: Coller Capital, Hollyport Capital, Manulife Investment Management, Achmea, Vector Capital
Company Website: https://intelepeer.ai/
Software Category: AI Communication Automation
Source: https://www.businesswire.com/news/home/20240725650583/en/