About Mitel
Mitel is a company based in Ottawa (Canada) founded in 1973 was acquired by Searchlight Capital in April 2018.. Mitel has raised $1.01 million across 8 funding rounds from investors including Francisco Partners and Searchlight Capital. The company has 430 employees as of October 31, 2024. Mitel has completed 9 acquisitions, including E-smith.com, Mavenir and OAISYS. Mitel operates in a competitive market with competitors including 1&1 IONOS, Vonage, BlueCat, Viatel and Arkadin, among others.
- Headquarter Ottawa, Canada
- Employees 430 as on 31 Oct, 2024
- Stage Public
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
$1.06 B7as on Dec 31, 2017
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Net Profit
$-49.7 M77as on Dec 31, 2017
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EBITDA
$-31.8 M-164as on Dec 31, 2017
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Total Equity Funding
$1.01 M (USD)
in 8 rounds
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Latest Funding Round
$1.48 B (USD), Debt – Conventional
Dec 03, 2018
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Investors
Francisco Partners
& 1 more
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Employee Count
430
as on Oct 31, 2024
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Investments & Acquisitions
E-smith.com
& 8 more
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Acquired by
Searchlight Capital
(Apr 24, 2018)
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Sales and Marketing
124 people
Software Development Team
101 people
Leadership Team
34 people
Senior Team
31 people
Operations Team
19 people
Finance and Accounting
18 people
Channel Team
15 people
Data Analysis and Operations Team
13 people
Unlock access to complete
Funding Insights of Mitel
Mitel has successfully raised a total of $1.01M across 8 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $1.48 billion completed in December 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Debt – Conventional — $1.5B
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First Round
First Round
(01 Apr 2002)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2018 | Amount | Debt – Conventional - Mitel | Valuation |
investors |
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| May, 2018 | Amount | Debt – Conventional - Mitel | Valuation |
investors |
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| Jun, 2017 | Amount | Debt – Conventional - Mitel | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Mitel
Mitel has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Francisco Partners and Searchlight Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investment firm focused on technology sector
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Founded Year | Domain | Location | |
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Private equity firm focused on multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Mitel
Mitel has strategically engaged in corporate development activities, having acquired 9 companies. Notable acquisitions include E-smith.com, Mavenir and OAISYS. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Books across multiple categories are published by E-smith.com.
|
2013 | ||||
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Cloud-based telephony services are provided to business sectors.
|
2009 | ||||
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Unified communications software is developed and deployed for enterprises.
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2008 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Mitel
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mitel Comparisons
Competitors of Mitel
Mitel operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as 1&1 IONOS, Vonage, BlueCat, Viatel and Arkadin, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud infrastructure and hosting services are provided by 1&1 IONOS.
|
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| domain | founded_year | HQ Location |
Provider of contact center business communication solutions
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| domain | founded_year | HQ Location |
Cloud-based DNS, DHCP appliances, and security solutions are provided.
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| domain | founded_year | HQ Location |
Connectivity, voice, and data center solutions are provided by Viatel.
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| domain | founded_year | HQ Location |
Global audio, web, and video conferencing solutions are provided.
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| domain | founded_year | HQ Location |
Business telecom and contact center services are provided to enterprises.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Mitel
Frequently Asked Questions about Mitel
When was Mitel founded?
Mitel was founded in 1973 and raised its 1st funding round 29 years after it was founded.
Where is Mitel located?
Mitel is headquartered in Ottawa, Canada. It is registered at Ottawa, Ontario, Canada.
Is Mitel a funded company?
Mitel is a funded company, having raised a total of $1.01M across 8 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $500M, raised on Apr 01, 2002.
How many employees does Mitel have?
As of Oct 31, 2024, the latest employee count at Mitel is 430.
What is the annual revenue of Mitel?
Annual revenue of Mitel is $1.06B as on Dec 31, 2017.
What does Mitel do?
The company was founded in 1973 in Ottawa, Canada, and focuses on unified communications within sectors such as healthcare, hospitality, government, and education. Cloud-based platforms are provided for IP telephony, appliances, and desktop devices, alongside applications that integrate voice, video, and data with business tools. Services encompass video conferencing, messaging, team chat, voice response, automatic call distribution, workforce optimization, and omnichannel management.
How many acquisitions has Mitel made?
Mitel has made 9 acquisitions, including E-smith.com, Mavenir, and OAISYS.
Who are Mitel's investors?
Mitel has 2 investors. Key investors include Francisco Partners, and Searchlight Capital.
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