The firm says it has doubled its headcount in the past 18 months to 130 people and plans to do the same again in the very near future. StarLeaf began selling cloud-based services to clients four years ago and claims it has seen rapid growth within the enterprise segment. This new funding will take us through our investment phase and give us the working capital we need to reach our potential in markets around the world,” said Loney. “Our cloud service solves these issues, while taking away the pain of running your own back-end systems. However, businesses often have a variety of legacy systems making it difficult to connect with customers and suppliers who may have different systems. Speaking about the funding, Loney, said: “Enterprises are shifting towards video as it is a much better means of communication than a voice call or conference.

The trio previously worked together at Madge Networks, which floated on NASDAQ in 1993, Calista, (VOIP interoperability, sold to Cisco in 1999 for $55m) and Codian (on-premise video bridging with interoperability, sold to Tandberg in 2007 for $270m). Headquartered in Watford, StarLeaf is the third company built by William MacDonald, chief technology officer Mark Loney, chief executive officer and Mark Richer, executive chairman. StarLeaf, a cloud-based video conferencing firm, has raised $40m from investors including Highland Europe and Grafton Capital.įounded in Cambridge in 2008 by three telecomms and video conference entrepreneurs, StarLeaf says it will use the funds to scale across the globe.

Starleaf conferencing