About TextNow
TextNow is a company based in Waterloo (Canada) founded in 2009 by Derek Ting. TextNow has raised $2.92 million across 3 funding rounds from investors including Accelerator Centre, Freestyle VC and Menlo Ventures. TextNow operates in a competitive market with competitors including Rebtel, Pinger, textPlus, Tyntec and Fongo, among others.
- Headquarter Waterloo, Canada
- Founders Derek Ting
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Sectors
Telecommunications
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Email
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Phone
Locked
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Website
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$2.92 M (USD)
in 3 rounds
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Latest Funding Round
Not available
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Investors
Accelerator Centre
& 3 more
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Employee Count
Not available
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People of TextNow
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Human Resources and Administration
7 people
Data Analysis and Operations Team
6 people
Leadership Team
5 people
Operations Team
4 people
Software Development Team
2 people
Product Management Team
2 people
Legal and Compliance
1 people
Voice Team
1 people
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Funding Insights of TextNow
TextNow has successfully raised a total of $2.92M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in TextNow
TextNow has secured backing from 4 investors, including venture fund and angel investors. Prominent investors backing the company include Accelerator Centre, Freestyle VC and Menlo Ventures.
| Investor | Description | Founded Year | Domain | Location |
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Startups are built and accelerated in a structured studio environment.
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Freestyle VC is engaged in seed funding for tech startups.
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Early-stage venture capital firm investing in AI, healthcare, and tech sectors.
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Investor details for TextNow
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
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- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by TextNow
Investment portfolio details for TextNow
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- Portfolio identities
- Transaction dates
- Round details
- Investment values
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Financial Statements - TextNow
Detailed financials for TextNow
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
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Textnow Comparisons
Peer comparison for TextNow
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
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Competitors of TextNow
TextNow operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Rebtel, Pinger, textPlus, Tyntec and Fongo, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cheap international calling services are provided by Rebtel.
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Free texting and calling are enabled through a cross-platform app.
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VoIP calling and messaging services are provided to global users.
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Mobile messaging services are provided for enterprise-customer connections.
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Free mobile voice calling is provided across Canada.
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Detailed competitors of TextNow
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
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Latest news on Textnow
Complete news archive for TextNow
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- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Frequently Asked Questions about TextNow
TextNow was founded in 2009 and raised its 1st funding round 2 years after it was founded.
TextNow is headquartered in Waterloo, Canada. It is registered at Waterloo, Ontario, Canada.
Derek Ting is the current CEO of TextNow. They have also founded this company.
TextNow is a funded company, having raised a total of $2.92M across 3 funding rounds to date.
TextNow was founded in 2009 in Waterloo, Canada, as a provider of mobile communication services. Free texting and international voice calling are offered through an app available on Android and iPhone devices. An individual phone number is assigned to each user for receiving calls and messages. Access is enabled over WiFi or cellular data plans, with operations focused on North American markets.
TextNow has 4 investors. Key investors include Accelerator Centre, Freestyle VC, Menlo Ventures, and Troy Carter.