Devyce, a London, UK-based SaaS company that provides digital phone numbers to multinational businesses, closed a $2.7 million (£2.2m) seed funding round.
The round was led by Y Combinator, with participation from Garage Capital, FoundersX Ventures, and individual investors John Kim, founder & CEO of Sendbird, and Ryan Chan, founder & CEO of UpKeep.
The company intends to use the funds to bring its product into new European markets and expand its product engineering team.
Devyce supplies businesses of all sectors and sizes with mobile phone numbers that can be used by their employees anywhere in the world using WiFi or mobile data. A business customer assigns Devyce phone numbers to employees that they can use on their personal handsets.
Devyce phone numbers can be silenced outside of work hours, and its voicemail systems help employees keep their personal and work lives separate without having to charge and carry two handsets.
Company: Devyce Limited
Round: Seed Round
Funding Month: March 2023
Lead Investors: Y Combinator
Additional Investors: Garage Capital, FoundersX Ventures, John Kim, and Ryan Chan
Company Website: https://devyce.com/
Software Category: Business Phone System
About the Company: Founded in 2020 by Leo Bartle, Nicholas Browne, and Edward Clayton, Devyce is a telecom company that provides virtual phone numbers to individuals and businesses using WiFi or mobile internet. They bring simplicity to the phone experience for businesses that want to manage their workforce with the next-generation phone system. The company’s mission is to eradicate the need for work mobile handsets and legacy landline telephones in offices, to provide a better communications experience for SMEs. The company is a ‘graduate’ of Y Combinator’s Summer 2022 accelerator cohort. Devyce’s customer base includes billion-dollar global companies with established hybrid or remote working policies and 5,000 employees located in more than 100 countries worldwide. Devyce is headquartered in London, with a team of 11 based throughout Europe.