About Utility Telecom
Utility Telecom is a Telecommunications company based in Stockton (United States) founded in 1996 by Jason Mills. Business communication services provider. Utility Telecom has raised $6.8 million across 1 funding round from investors including CVF Capital Partners. Utility Telecom has completed 3 acquisitions, including BlackCloud Networks, Freeway Communications and Spectrum Telecom Systems. Its chief executive, as recorded, is Jason Mills. Utility Telecom offers products and services including Hosted VOIP, Unified Communications (UCaaS), Fiber Optic Internet, and The Doctor’s Exchange. Its focus areas include Telecom, Telecom Operators and Business Communication. Its competitors include 1&1 IONOS, Vonage and Aureon; 2 of its 3 listed competitors have raised funding.
Company details
Utility Telecom was founded in 1996 in Stockton, United States, by Jason Mills, who serves as CEO and President. Operations focus on the telecom sector, serving business customers across the USA. Services encompass cable broadband internet access, VPN solutions, point-to-point connectivity, local and long-distance VoIP telephony, hosted PBX systems, SIP trunking, along with installation and support.
- Total Equity Funding$6.8M (USD)
in 1 rounds
- Latest Funding Round$6.8M (USD), Series A
Dec 2015
- Investors
- Investments & AcquisitionsBlackCloud Networks
& 2 more
Products & Services of Utility Telecom
Utility Telecom offers a comprehensive portfolio of products and services, including Hosted VOIP, Unified Communications (UCaaS), Fiber Optic Internet, and The Doctor’s Exchange.
Cloud-based telephone systems for business calls and messaging.
Mobile app for integrated office and remote communications.
High-speed internet solutions for reliable business connectivity.
Advanced system for healthcare call management and backups.
Funding Insights of Utility Telecom
Utility Telecom has successfully raised a total of $6.8M through 1 strategic funding round. The most recent funding activity was a Series A round of $6.8 million completed in December 2015. 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 $6.8M
- Total Rounds 1
- Last Round Series A — $6.8M
- First Round $6.8M
(Dec 2015)
- Investors Count 1
All 1 funding rounds of Utility Telecom with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2015 | $6.8M | Series A | – | – |
1 investors in total: 1 institutional.
Investors in Utility Telecom
Utility Telecom has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include CVF Capital Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity is directed toward lower middle market companies. | cvfcapitalpartners.com | Davis, United States |
Investor details for Utility Telecom
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- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
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People of Utility Telecom
1 people are tracked at Utility Telecom (1 in leadership).
| Name | Role | Group |
|---|---|---|
Jason Mills | Founder & CEO & President | Leadership |
Complete people profiles for Utility Telecom
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- Full employee list
- Team structure
- Board tenure
- Professional contacts
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Investments & Acquisitions by Utility Telecom
Utility Telecom has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include BlackCloud Networks, Freeway Communications and Spectrum Telecom Systems.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Telecommunication products and services are provided by Freeway Communications. | freeway.com | Los Angeles, United States | 1998 | Aug 2019 | •••• | |
Communications solutions, products, and services are provided, sold, and installed. | spectrumtel.com | Merced, United States | 1995 | Feb 2019 | •••• | |
VoIP business telephone systems and services are provided for enterprises. | blackcloudnetworks.com | Stockton, United States | 2010 | Jul 2017 | •••• |
Complete acquisition details for Utility Telecom
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- Acquired stakes
- Deal sources
- Complete history
- Exports
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Timeline of Utility Telecom
5 dated milestones of Utility Telecom across 23 years, from founding to its latest funding, stage changes and deals.
- Founded Utility Telecom is founded.
- Funding First funding round of $6.8M.
- Acquisition Acquires BlackCloud Networks.
- Acquisition Acquires Spectrum Telecom Systems.
- Acquisition Acquires Freeway Communications.
Competitors of Utility Telecom
Utility Telecom has 3 listed competitors in our database, 2 of them funded. They include 1&1 IONOS, Vonage and Aureon.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ionos.com | 1988 | Chesterbrook, United States | 134 | Cloud infrastructure and hosting services are provided by 1&1 IONOS. | ||
| vonage.com | 2001 | Holmdel, United States | $644.57M | 1,089 | Provider of contact center business communication solutions | |
| aureon.com | 1988 | West Des Moines, United States | $50.83M | 13,822 | Business telecom and contact center services are provided to enterprises. |
Detailed competitors of Utility Telecom
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- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
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Web traffic of Utility Telecom
The website of Utility Telecom (uyt.co) receives about 4.7K visits a month.
- Monthly visits4.7K
▲ 13.3% vs previous month
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Frequently Asked Questions about Utility Telecom
Utility Telecom was founded in 1996 and raised its 1st funding round 19 years after it was founded.
Utility Telecom is headquartered in Stockton, United States. It is registered at Stockton, California, United States.
Jason Mills is the CEO of Utility Telecom, as recorded in our data. They have also founded this company.
Utility Telecom is a funded company, having raised a total of $6.8M across 1 funding round to date. The company's 1st funding round was a Series A of $6.8M, raised on Dec 2015.
Utility Telecom was founded in 1996 in Stockton, United States, by Jason Mills, who serves as CEO and President. Operations focus on the telecom sector, serving business customers across the USA. Services encompass cable broadband internet access, VPN solutions, point-to-point connectivity, local and long-distance VoIP telephony, hosted PBX systems, SIP trunking, along with installation and support.
Utility Telecom offers Hosted VOIP, Unified Communications (UCaaS), Fiber Optic Internet, and The Doctor’s Exchange.
Utility Telecom has made 3 acquisitions, including BlackCloud Networks, Freeway Communications, and Spectrum Telecom Systems.
Utility Telecom has 1 investor. Key investors include CVF Capital Partners.