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Investments

3

Portfolio Exits

1

About Rick Burnes

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Latest Rick Burnes News

Rapidly Growing Unified Office Inc. Receives Investments From LaunchCapital and Rick Burnes, Co-Founder and Partner Emeritus at Charles River Ventures

Aug 18, 2014

PORTSMOUTH, NH--(Marketwired - Aug 18, 2014) -  Unified Office, Inc., a rapidly growing managed services provider offering private cloud-based virtual office services to small and medium businesses (SMBs), announced today that it has received investments from two prominent Boston-area venture capitalists, Bill McCullen, Chief Investment Officer at LaunchCapital, and Rick Burnes, Co-founder, Partner Emeritus, and former CEO of Charles River Ventures (CRV), to help fuel the company's rapid growth as it deploys its service throughout the US. "I am very excited to be working with Unified Office," said Rick Burnes, Partner Emeritus at Charles River Ventures. "We are in the early innings of a very large multi-year replacement cycle of legacy VoIP and PBX platforms and Unified Office is on its way to becoming the dominant player in this space. Unified Office's managed service platform is a major step forward in communications technology. It provides a level of service quality and customization that is missing in the marketplace today. " "We were drawn to Unified Office by the track record of success and industry experience of its principals," said Bill McCullen, Chief Investment Officer of LaunchCapital's Boston Office. "Their simple-to-use, yet elegant and evolutionary feature-rich offering sets Unified Office apart and fills a void in the marketplace for the SMB customer. " "We are honored to have Rick Burnes and LaunchCapital onboard as our most recent investors," said Ray Pasquale, CEO & Founder of Unified Office. "Their successes here in New England and across the country speak for themselves. They, along with other key investors and our board of directors together comprise a Who's Who of the high tech industry on the East Coast. We are entering a significant growth phase for our services and view Rick and Bill's involvement as a strong testament to the bright future of our company. " Rick Burnes is a Partner Emeritus and former Co-founder and CEO of Charles River Ventures, a venture capital firm dedicated to helping startups turn their ideas into real, viable businesses. Founded in 1970, Charles River Ventures takes a value-added approach to investing by providing entrepreneurs with access to more than just financial backing. At Charles River Ventures Mr. Burnes' investments have focused mainly in the fields of communications and information services. He has played a significant role in noteworthy investments such as: Cascade Communications, Chipcom Corporation, Epoch Systems, Abacus Direct, Summa Four, Concord Communications, Prominet, Aptis and Sonus Networks. He also serves on a number of charity boards. Bill McCullen is the Chief Investment Officer at LaunchCapital in Cambridge, MA. He is an experienced private investor who over the past 7 years has backed companies in the networking, semiconductor, clean energy and online markets. Bill has been in the Boston startup scene for close to 15 years, previously holding senior level roles at several industry leading companies including Sycamore Networks. LaunchCapital is a seed stage venture capital firm that specializes in capital efficient businesses in a diverse set of industries including software, Internet, mobile and consumer products. Bill has also provided consulting services to a variety of early and later stage start-ups in the networking and Internet spaces, specifically focusing on product positioning/differentiation, product management, marketing and fund raising. About Unified Office Unified Office, Inc. is a leading provider of SDN-based hybrid private cloud managed Voice-over-IP (VoIP) and Unified Communications services to small and medium-sized businesses (SMBs). Our Total Connect Now(SM) service architecture was purpose-built from the ground up to deliver the highest quality of experience and availability, leveraging the latest in extensible business VoIP communications technology and cloud-based infrastructure to enhance SMB workforce productivity. For more information visit www.unifiedoffice.com .

Rick Burnes Investments

3 Investments

Rick Burnes has made 3 investments. Their latest investment was in Ellevation Education as part of their Seed VC - III on July 7, 2014.

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Rick Burnes Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/11/2014

Seed VC - III

Ellevation Education

$2M

No

1

7/24/2013

Seed VC - II

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$99M

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10

2/2/2013

Seed VC

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$99M

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10

Date

7/11/2014

7/24/2013

2/2/2013

Round

Seed VC - III

Seed VC - II

Seed VC

Company

Ellevation Education

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Amount

$2M

$99M

$99M

New?

No

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Co-Investors

Sources

1

10

10

Rick Burnes Portfolio Exits

1 Portfolio Exit

Rick Burnes has 1 portfolio exit. Their latest portfolio exit was Ellevation Education on August 03, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/3/2021

Acquired

1

Date

8/3/2021

Exit

Acquired

Companies

Valuation

Acquirer

Sources

1

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