When was Mitel founded?

Mitel was founded in 1973 and raised its 1st funding round 29 years after it was founded.

Where is Mitel located?

Mitel is headquartered in Ottawa, Canada. It is registered at Mesa, Arizona.

How many employees does Mitel have?

As of Sep 30, 2026, the latest employee count at Mitel is 4013.

Is Mitel a funded company?

Mitel is a funded company, having raised a total of $1.01M across 8 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Apr 05, 2002.

When was the latest funding round of Mitel?

Mitel's latest funding was a $***** Conventional Debt round on Dec 03, 2018, with participation from 0 investor.

What is the annual revenue of Mitel?

Annual revenue of Mitel is more than $1B as on Dec 31, 2017

Where does Mitel rank among its competitors?

Mitel ranks 7th amongst 1485 active competitors, of which 180 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Dialpad, which secured $50M in Dec, 2022.

Who are the top competitors of Mitel?

Mitel's top competitors include Slack, RingCentral and Skype. Among them, Dialpad secured the most recent funding round in December, 2022.

Mitel - 2026 Company Profile, Team, Funding, Competitors & Financials

Q: Is Mitel an acquired company?

Mitel got acquired by Searchlight Capital on Apr 24, 2018.

Mitel is an acquired company based in Ottawa (Canada), founded in 1973 by Mark Heley. It operates as a Cloud based platform for unified communication management. Mitel has raised $1.01M in funding. The company has 1485 active competitors, including 180 funded and 168 that have exited. Its top competitors include companies like Slack, RingCentral and Skype.

Company Details

Cloud based platform for unified communication management. It offers unified communication products such as IP telephony platforms, appliances, and desktop devices, and a suite of unified communications and collaboration applications that integrate voice, video, and data communications with business applications. The tools include video conferencing, messaging, team chat, voice response, automatic call distribution, workforce optimization, omnichannel communication management, and more. The offered sectors include healthcare, hospitality, government, education, and more.

Website: www.mitel.com
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Registered Address: Mesa, Arizona

Key Metrics

Founded Year

1973

Location

Ottawa, Canada

Stage

Acquired

Total Funding

$1.01M in 8 rounds

Latest Funding Round

Conventional Debt, Dec 03, 2018, $*****

Investors

August Capital & 4 more

Ranked

7^th among 1485 active competitors

Annual Revenue

$1B+ as on Dec 31, 2017

Employee Count

4,013 as on Sep 30, 2026

Investment & Acquisitions

Unify & 9 more

Similar Companies

Slack & 2094 more

Exit Details

Acquired by Searchlight Capital (Apr 24, 2018)

View Mitel's full profile

Mitel is associated with 4 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Mitel Networks Corp CIN: 1170534 , United States, Active	Jan 17, 2007	$1B+ (As on Dec 31, 2017)	-	-
MITEL COMMUNICATIONS PRIVATE LIMITED CIN: U74999KA2017FTC100858 , India, Active	Feb 27, 2017	₹100 - ₹500 Cr (As on Mar 31, 2025)	430 (As on Oct 31, 2024)
MITEL CLOUD COMMUNICATIONS PRIVATE LIMITED CIN: U74900KA2011FTC094407 , India, Amalgamated	Dec 12, 2011	₹50 - ₹100 Cr (As on Mar 31, 2023)	58 (As on Apr 30, 2024)
MITEL DELAWARE, INCORPORATED CIN: 860220994 , United States, Active	Dec 31, 1999	-	448 (As on Dec 31, 2024)	-

Mitel got acquired by Searchlight Capital on Apr 24, 2018 at an acquisition amount of $*****.

Click here to take a look at Mitel's acquisition in detail

Mitel has raised a total funding of $1.01M over 8 rounds. Its first funding round was on Apr 05, 2002. Mitel has 5 institutional investors.

Here is the list of recent funding rounds of Mitel:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 03, 2018	2083817	Conventional Debt	9295147	2874473	8319246	6901290
May 10, 2018	3837804	Conventional Debt	5984013	9983458	4751749	3812400
2017	8705	Conventional Debt	3705	3100	8566	Francisco Partners

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View details of Mitel's funding rounds and investors

The founders of Mitel is Mark Heley.

Here are the details of Mitel's key team members:

Mark Heley: Co-founder and Campaign Manager of Mitel.

View details of Mitel's Founder profiles and Board Members

Mitel's employee count trend

Mitel has 4,013 employees as of Sep 26. Here is Mitel's employee count trend over the years:

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Top competitors of Mitel include Slack, RingCentral and Skype. Here is the list of Top 10 competitors of Mitel, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Slack 2009, San Francisco (United States), Acquired	Developer of communication software for team collaboration and project management	$1.22B	Dragoneer Investment Group, Spark Capital ... & 69 others	89/100
2nd	RingCentral 1999, Belmont (United States), Acquired	Cloud based platform offering unified communication solutions	$44M	IVP, Altimeter Capital & 59 others	86/100
3rd	Skype 2002, Luxembourg, Acquired	VoIP Software application	$26.8M	Index Ventures, DFJ & 19 others	81/100
4th	Agora 2014, Guangzhou (China), Public	Cloud based customer engagement platform	$55M	Coatue, Morningside & 16 others	79/100
5th	Dialpad 2011, San Ramon (United States), Series F	Provider of AI-powered contact center and unified communications platform solutions	$476M	ICONIQ Growth, Amasia & 44 others	79/100
6th	Vonage 2001, Holmdel (United States), Acquired	Provider of contact center business communication solutions	$645M	New Enterprise Associates, 3i Group & 15 others	74/100
7th	Mitel 1973, Ottawa (Canada), Acquired	Cloud based platform for unified communication management	$1.01M	August Capital, Francisco Partners & 3 others	75/100
8th	Firstup 2008, San Francisco (United States), Series E	Cloud-based communication and employee experience management platform for enterprises	$127M	Venrock, Trinity Ventures & 22 others	74/100
9th	LumApps 2012, Tassin la Demi Lune (France), Acquired	Cloud based employee communication platform provider	$102M	Idinvest Partners, Goldman Sachs & 6 others	74/100
10th	Weave 2008, Provo (United States), Acquired	Omnichannel customer engagement software for businesses	$156M	Catalyst Investors, Crosslink Capital & 27 others	72/100

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Mitel has made 2 investments in companies including Ranzure Networks and Ranzure Networks. Mitel has also acquired 8 companies including Unify and ShoreTel.

Here is the list of investments & acquisitions:

Filter this list

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Oct 19, 2023	Acquisition	Unify	2008	Munich (Germany)
Jul 27, 2017	Acquisition	ShoreTel	1996	Sunnyvale (United States)
Oct 07, 2016	Investments	Ranzure Networks	2016	Richardson (United States)