Knowlarity has raised $20 million in its Series C funding round.
The latest investment in Knowlarity, which is Asia’s largest cloud telephony company, was led by Dubai-based private equity firm Delta Partners.
The round also saw participation from Knowlarity’s existing investors, Sequoia India and Mayfield, and included a small debt-based investment from Blacksoil and Trifecta Capital.
The latest investment takes the total funds raised by Knowlarity so far to $41 Million USD making it the most capitalised cloud telephony company in Asia.
The involvement of Delta Partners, which has a deep domain expertise in telecom technology in Africa and the Middle East, as well as its existing investors, underlines the trust that Knowlarity has generated in the global market.
The funds raised would be used by Knowlarity to expand into other international markets, make acquisitions and invest in advanced technology products for its customers.