	WHY WE INVESTED: The team at Fonality began building a new enterprise-class communications company that did not need multi-million dollar investments in infrastructure to compete with the existing telecommunication incumbents. Since they were leveraging a software-based model, we thought Fonality was on to something big.
TEAM Chris Lyman HEADQUARTERS Culver City, CA FOUNDED 2004 CO-INVESTORS Azure Capital, Intel Capital, DFJ Growth	Fonality is a provider of cloud-based business phone and unified communications solutions for small to medium sized businesses. The company serves more than 6,000 businesses in 100 countries and more than 125,000 users have made over 750 million phone calls using Fonality’s cloud telephony platform.