Story by Theodore Schleifer, Recode
Fuze, a messaging and video conferencing company to use with your colleagues at work, just raised money at deal terms that value the company at about half of what it was valued a year ago.
Fuze said Wednesday that it had raised another $150 million in a round led by Summit Partners. But that financing happened at about a $400 million valuation, including the new capital, according to a fundraising document obtained by PitchBook. Fuze’s last round of financing last spring made the company worth about $765 million including the new money, PitchBook says.
