Total amount raised
$614.4 Million
Latest funding date
7/1/2021
Location
Twilio has successfully raised funding over 12 rounds, with the latest being a Post-IPO Equity round. The company has also made 31 investments and raised 2 funds, including the Twilio Venture Fund.
Twilio is backed by 27 investors, with TCV and Victor Koch being the most recent. Keep reading to explore the intricacies of Twilio's fundraising journey and the investors backing this innovative platform.
What Is Twilio?
Twilio, headquartered in San Francisco, California, is a prominent player in the cloud communication industry. The company specializes in providing communication APIs that integrate with AI and data, enabling businesses to build voice, VoIP, and SMS apps via a web API.
Founded by Jeff Lawson, Twilio operates in various sectors, including Enterprise Software, Messaging, Mobile Apps, SMS, and Software. The company has grown significantly, employing between 5001 and 10000 people.
Twilio's platform is trusted by over 335,000 companies globally, offering solutions for customer engagement, authentication, and data management. The company is publicly traded under the ticker NYSE:TWLO.
How Much Funding Has Twilio Raised?
- Round Name: Series B
- Amount Raised: USD 12,000,000
- Date: November 2010
- Lead Investors: Bessemer Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage development and scaling efforts.
- Round Name: Series C
- Amount Raised: USD 17,000,000
- Date: December 2011
- Lead Investors: Bessemer Venture Partners, Union Square Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling and expanding the company's product offerings.
- Round Name: Series D
- Amount Raised: USD 70,000,000
- Date: June 2013
- Lead Investors: Bessemer Venture Partners, Redpoint
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure additional capital for growth and expansion.
- Round Name: Series E
- Amount Raised: USD 130,000,000
- Date: July 2015
- Lead Investors: Fidelity, T. Rowe Price
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand market reach and enhance product development.
- Round Name: Secondary Market
- Amount Raised: USD 3,500,000
- 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: USD 378,215,525
- Date: July 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and strategic initiatives.
Total Amount Raised: USD 610,715,525
Current Valuation: Not publicly disclosed
Key Investors
- TCV (Technology Crossover Ventures)
- Details: TCV is a leading provider of growth capital to technology companies. They have been investing in high-growth technology companies for over 25 years.
- Investment Focus Areas: Technology, internet, software.
- Notable Investments: Facebook, Netflix, Spotify.
- Redpoint Ventures
- Details: Redpoint Ventures is a venture capital firm that invests in seed, early, and growth-stage companies. They have a strong focus on technology and innovation.
- Investment Focus Areas: Technology, consumer internet, enterprise software.
- Notable Investments: Stripe, Netflix, Snowflake.
- Bessemer Venture Partners
- Details: Bessemer Venture Partners is a global venture capital firm with a history of investing in innovative companies. They have a diverse portfolio across various sectors.
- Investment Focus Areas: Enterprise, consumer, healthcare, frontier technology.
- Notable Investments: LinkedIn, Shopify, Pinterest.
- Draper Fisher Jurvetson (DFJ)
- Details: DFJ is a venture capital firm that focuses on early and growth-stage investments. They are known for backing disruptive technologies and innovative companies.
- Investment Focus Areas: Enterprise, consumer, disruptive technologies.
- Notable Investments: Tesla, SpaceX, Skype.
- Fidelity
- Details: Fidelity is a multinational financial services corporation. They offer a wide range of investment management services and have a significant presence in the venture capital space.
- Investment Focus Areas: Financial services, technology, healthcare.
- Notable Investments: Uber, Airbnb, SpaceX.
What's Next for Twilio?
Twilio stands at the cusp of significant growth opportunities, driven by the increasing demand for APIs that simplify SMS, voice, and VoIP functionalities. The company’s recent funding rounds and market interest suggest a robust potential for expansion. With the possibility of an IPO on the horizon, Twilio could secure additional capital to fuel its growth and innovation.
Future fundraising opportunities appear promising, especially with the high investor interest in companies providing essential communication infrastructure. However, Twilio may face challenges such as competition from other API service providers and the complexity of managing carrier relationships. Navigating these hurdles will be crucial as Twilio continues to scale its operations and explore new market opportunities.
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