Total amount raised
$614.4 Millions
Latest funding date
Location
Title
Twilio has successfully raised significant capital through multiple funding rounds, attracting a diverse group of investors. The company has leveraged these investments to expand its suite of communication APIs, including SMS, voice, email, and authentication services.
Keep reading to explore the intricacies of Twilio's fundraising journey and the investors backing this innovative platform.
What Is Twilio?
Twilio, founded on June 30, 2008, in San Francisco, California, is a cloud communication company that enables users to build voice, VoIP, and SMS apps via a web API. The company was established by Evan Cooke, Jeff Lawson, and John Wolthuis.
Twilio provides a developer platform for communications, merging cloud computing, web services, and telecommunications. This allows developers and businesses to embed voice, video, messaging, and authentication directly into applications.
With a workforce of 5001-10000 employees, Twilio continues to innovate in the communication space, serving a wide range of industries and applications.
How Much Funding Has Twilio Raised?
- Round Name: Series B
- Amount Raised: $12M
- Date: November 2010
- Lead Investors: Bessemer Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand its product offerings and scale operations.
- Round Name: Series C
- Amount Raised: $17M
- Date: December 2011
- Lead Investors: Bessemer Venture Partners, Union Square Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and enhance its communication platform.
- Round Name: Series D
- Amount Raised: $70M
- Date: June 2013
- Lead Investors: Bessemer Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and prepare for a potential IPO.
- Round Name: Venture Round
- Amount Raised: Not publicly disclosed
- Date: April 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop its technology and expand market reach.
- Round Name: Secondary Market
- Amount Raised: Not publicly disclosed
- Date: January 2015
- Lead Investors: Founders Circle Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Round Name: Series E
- Amount Raised: $130M
- Date: July 2015
- Lead Investors: Fidelity, T. Rowe Price
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel international expansion and product development.
- Round Name: Secondary Market
- Amount Raised: $3.5M
- Date: January 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Round Name: Post-IPO Equity
- Amount Raised: Not publicly disclosed
- Date: August 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and strategic initiatives.
- Round Name: Post-IPO Equity
- Amount Raised: Not publicly disclosed
- Date: March 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue expanding its product suite and market presence.
- Round Name: Post-IPO Equity
- Amount Raised: $378.2M
- Date: July 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund strategic acquisitions and further innovation.
Twilio has raised a total of $610.7M in funding. The current valuation is Not publicly disclosed.
Key Investors
- Bessemer Venture Partners
- Details: Bessemer Venture Partners is a global venture capital firm with a history dating back to 1911. They have invested in over 200 companies across various stages of growth.
- Investment Focus Areas: Cloud computing, consumer, healthcare, financial services.
- Notable Investments: LinkedIn, Shopify, Pinterest.
- Union Square Ventures
- Details: Union Square Ventures is a New York-based venture capital firm known for its focus on early-stage investments. They have a strong track record in backing innovative technology companies.
- Investment Focus Areas: Internet services, mobile, software, financial technology.
- Notable Investments: Twitter, Etsy, Coinbase.
- Fidelity
- Details: Fidelity is a multinational financial services corporation. They manage a large portfolio of investments across various asset classes.
- Investment Focus Areas: Technology, healthcare, financial services, consumer goods.
- Notable Investments: Uber, SpaceX, Alibaba.
- T. Rowe Price
- Details: T. Rowe Price is a global investment management firm. They offer a broad range of mutual funds, subadvisory services, and separate account management for individual and institutional investors.
- Investment Focus Areas: Technology, healthcare, financial services, consumer goods.
- Notable Investments: Google, Amazon, Facebook.
- Founders Circle Capital
- Details: Founders Circle Capital is a venture capital firm that focuses on providing liquidity to founders, executives, and early employees of growth-stage companies. They aim to support the long-term growth of their portfolio companies.
- Investment Focus Areas: Technology, software, internet services.
- Notable Investments: Airbnb, DocuSign, Lyft.
What's Next for Twilio?
Twilio stands at the cusp of significant opportunities, driven by the increasing demand for integrated communication functionalities in applications. The company's robust API services for SMS, voice, and VoIP are poised to capture a larger market share as more businesses seek seamless communication solutions. This growth potential is underscored by their substantial Series D funding and the possibility of an IPO, which could further fuel expansion and innovation.
Future fundraising opportunities, particularly an IPO, could provide Twilio with the capital needed to scale operations and enhance their product offerings. However, the company may face challenges such as intense competition and regulatory hurdles in the telecommunications sector. Navigating these obstacles will be crucial for Twilio to maintain its leadership position and continue its upward trajectory.
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