# Oxio

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/oxio

- Industry: Software
- Headquarters: New York, US
- Website: www.oxio.com
- Total disclosed funding: $62M
- Latest round: Series B (Mar 1, 2022)
- Investors on record: 13

## About

Oxio Corp., based in the US, is a software platform that simplifies the launch and management of mobile virtual network organizations (MVNOs) for businesses, enhancing their telecommunications capabilities with a user-friendly interface.Oxio Corp. was founded in 2018 in New York, US, as a specialized platform enabling businesses to operate their own MVNOs. The company has successfully raised a total of USD 43.60 mn through 6 investment deals, with its latest funding round being a Series B in February 2023, led by ParaFi Capital. The founding team includes Jason E, Jason Evans, Nicolas Girard, and Pierre Steckmeyer, with Nicolas Girard serving as CEO.OXIO specializes in providing a cloud-native, programmable Telecom-as-a-Service platform that allows businesses to launch and manage their own mobile virtual network organizations (MVNOs). Its core product, BrandVNO™, enables users to create, customize, and manage their mobile offerings via a no-code interface. Target customers include retailers, financial institutions, celebrities, and content creators, facilitating seamless connectivity across 200+ networks globally, and democratizing access to mobile network capabilities.OXIO's revenue model is based on transaction-based relationships with B2B enterprises and direct-to-consumer offerings. Clients can customize their mobile services through subscription plans or pay-as-you-go options, integrated into customer loyalty programs. The platform's API facilitates various transactions, enhancing client engagement and retention by empowering clients to develop pricing strategies that align with their customer base.In February 2023, Cogeco Cable Inc. agreed to acquire Oxio Corp., although the financial terms were not disclosed. This acquisition is expected to support both companies in expanding their operations and strengthening their platforms. Oxio aims to leverage recent funding to enhance its product offerings and expand into new geographic markets, contributing to its growth strategy.

## Funding rounds

- Series B, Mar 1, 2022, $44M — Monashees, SEA Group, Digital Currency Group, FinTech Collective, Atlântico Sul Capital Partners, Multicoin Capital, Ascend, LightShed Ventures, Leyden, ParaFi Capital
- Series A, Sep 3, 2020, $12M — Monashees, Digital Currency Group, FinTech Collective, Multicoin Capital, Atlantico
- Seed, Aug 29, 2019, $4M — Digital Currency Group, Future\Perfect Ventures, Multicoin Capital, Ascend
- Seed, Aug 15, 2019 — Unshackled Ventures
- Seed, Jul 27, 2018, $2M — FinTech Collective

## Investors

- FinTech Collective (https://capitalatlas.ai/funds/fintech-collective) — Seed, Series A, Series B
- Unshackled Ventures (https://capitalatlas.ai/funds/unshackled-ventures) — Seed
- Digital Currency Group (https://capitalatlas.ai/funds/digital-currency-group) — Seed, Series A, Series B
- Future\Perfect Ventures (https://capitalatlas.ai/funds/future-perfect-ventures) — Seed
- Multicoin Capital (https://capitalatlas.ai/funds/multicoin-capital) — Seed, Series A, Series B
- Ascend — Seed, Series B
- Monashees (https://capitalatlas.ai/funds/monashees) — Series A, Series B
- Atlantico (https://capitalatlas.ai/funds/atlantico) — Series A
- SEA Group — Series B
- Atlântico Sul Capital Partners (https://capitalatlas.ai/funds/atlantico-sul-capital-partners) — Series B
- LightShed Ventures (https://capitalatlas.ai/funds/lightshed-ventures) — Series B
- Leyden (https://capitalatlas.ai/funds/leyden) — Series B
- ParaFi Capital (https://capitalatlas.ai/funds/parafi-capital) — Series B