textPlus
Latest round
- Series I
Last raised
- Feb 2015
Total raised
- $53M
Investors
- 4
About textPlus
Based in the US, textPlus, Inc.textPlus, Inc. is a communication service provider that enables users to access a second phone number. The company has engaged in six deals to date.textPlus offers a range of communication services primarily focused on providing a second phone number for users, which enables free SMS and MMS messaging within the United States and Canada. The platform allows users to make domestic and international calls at rates starting from 2¢ per minute, targeting various use cases such as personal communication and business outreach. The application is designed for individuals seeking flexible and cost-effective ways to communicate without the need for traditional phone services. TextPlus has been positioned to cater to a diverse clientele, including both individual consumers and businesses that require affordable international calling solutions.textPlus generates revenue through a transactional model that encompasses both direct-to-consumer and business-to-consumer interactions. Users can download the textPlus app for free, which provides them with access to a free phone number and unlimited texting capabilities. Revenue is primarily derived from pay-per-use calling features, allowing users to make calls at competitive rates. The company's pricing structure is straightforward; for instance, the low per-minute charge for international calls facilitates transactions between the firm and its clients. This model attracts a broad customer base, as users enjoy transparent pricing without the burden of sign-up fees. textPlus is actively designing new features aimed at improving user experience and intends to launch these updates within the next year. The company also plans to expand into new geographic regions, specifically targeting additional markets in North America and Europe by the end of 2024.
Who invested in textPlus
4 investors across 5 rounds
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Questions about textPlus
Who invested in textPlus?
textPlus has 4 investors on record across 5 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has textPlus raised?
textPlus has raised 5 venture rounds. Sign up free to see how much each round raised and the total.
When did textPlus last raise money?
textPlus's most recent round on record is a Series I, in Feb 2015.
What does textPlus do?
Based in the US, textPlus, Inc.
Where is textPlus headquartered?
textPlus is headquartered in Marina del Rey, US.
Which VCs invest in companies like textPlus?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back internet companies at textPlus's stage. Their profiles are linked below.
VCs backing internet startups at Series I
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