AUSTIN, Texas, June 08, 2022 (GLOBE NEWSWIRE) — Zello, a voice-based instant communications platform powered by its industry-leading push-to-talk technology, has secured $20 million in funding through equity and debt to support rapid growth with a frontline and officeless workers worldwide. The financing was led by Virgo Capital and Recurring Capital Partners.
“With over 5 million monthly active users, Zello is a clear leader in providing voice communications to the world’s 2 billion connected frontline workers. To date, Zello has achieved remarkable growth without any capital outside, and we are excited to support this next phase of growth,” said Guhan Swaminathan, Managing Director of Virgo Capital.
“In addition to serving as an essential communications platform for industry leaders around the world, including Restoration Hardware, Yellow, Salling Group and Holcim, Zello also provides its robust enterprise platform free of charge to thousands of first responders around the world,” said Brian Henley. , Managing Partner at Recurring Capital Partners.
“We are thrilled to partner with Virgo and Recurring Capital to further help officeless workers become more efficient while completing the tasks that move our world forward,” said Bill Moore, CEO of Zello. “We started out as a social radio connecting people and causes around the world with a consumer growth DNA, but have evolved into commercial uses for the retail, transportation, construction and construction industries. the hotel industry.”
With the growth of frontline and deskless workforces across industries, businesses have recognized the importance of putting reliable communication tools in their hands. Transparent and clear communication is the key to connecting employees and allowing teams to have instant voice collaboration. Today, Zello’s communications platform supports 8 billion voicemails per month with over 1 million new app downloads per month.
“We are very proud of the Zello First Responders program, where we provide Zello’s enterprise platform free of charge to qualified first responders around the world,” said Alexey Gavrilov, Chief Product Officer and Founder of Zello. “The program started in July 2019 and now supports more than 1,500 organizations in 65 countries.”
Zello is a voice communication platform, powered by our industry-leading push-to-talk technology, designed to improve frontline worker collaboration and productivity. With over 170 million registered users worldwide and 99.99% uptime, Zello is easy to use, integrate and manage, connecting your desktop and operational teams with one touch to troubleshoot, manage exceptions and collaborate more effectively. Current customers include PepsiCo, Bechtel, Waste Connections, Salling Group, Lufthansa, Hyatt, Yellow, Hilton, Cemex and Holcim. Zello is recognized as one of the most trusted communication tools for mobile workers by The Wall Street Journal, New York Times, CBS, CNBC, USA Today, and TechCrunch. zello.com
About Virgo Capital
Virgo Capital is an Austin, Texas-based private equity firm focused on investing in established software and technology services companies. Virgo Capital targets companies with revenues of up to $100 million, strong client relationships and domain expertise and actively adds value by leveraging the team’s extensive experience in areas such as as operations, finance, technology, sales and marketing, and mergers and acquisitions. For more information, visit virgocapital.com.
About Recurring Capital Partners
Recurring Capital Partners provides growth capital to software as a service (SaaS) and other technology-driven companies based on recurring revenue models. Our team of investors and advisors bring deep operational experience in scaling enterprise software companies to support the growth initiatives of our founders and management teams. For more information, please visit recurring.capital.
Image 1: Zello User and Dispatch product image
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Zello User and Dispatch Product Image