CEO Jeff Cavins says the current FuzeBox customer base includes both large enterprises and startups, but with the FuzeFund, he’s trying to expand the startup side of things significantly. As FuzeBox’s Christel Mes puts it, “A handful of these startups are going to grow into enterprises.”
In order to participate, companies need to have fewer than 15 employees, less than $2 million in funding, and be fewer than 18 months old. FuzeBox says it will judge the applications based on criteria, including “revenue, employee headcount, and the level of creativity exhibited in responses.” Every company that’s accepted into the program will get two free FuzeBox Pro accounts (which allows for meetings with up to 25 attendees and four HD video feeds) for two years.
FuzeBox plans to select up to 500 companies for the FuzeFund, so all of those free licenses should be worth a total of $1.2 million. (Part of the reason FuzeBox can afford this is the fact that it recently raised a $20 million Series A.) FuzeBox will also be offering free licenses to all of the companies launching over the next two days in the Startup Battlefield at TechCrunch Disrupt in San Francisco.