About textPlus
textPlus is a company based in Los Angeles (United States) founded in 2007. textPlus has raised $53.28 million across 5 funding rounds from investors including Kleiner Perkins, The Raine Group and Matrix. textPlus has completed 1 acquisition, including Jarvus. textPlus offers products and services including Free SMS & MMS Messaging and International Calling. textPlus operates in a competitive market with competitors including TextNow, Rebtel, Pinger, Tyntec and Fongo, among others.
- Headquarter Los Angeles, United States
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Sectors
Telecommunications
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Phone
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Website
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Social
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- Legal Name Textplus, Inc
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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
$53.28 M (USD)
in 5 rounds
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Latest Funding Round
$6.9 M (USD), Series D
Mar 25, 2015
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Investors
Kleiner Perkins
& 3 more
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Employee Count
Not available
- Investments & Acquisitions
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Products & Services of textPlus
textPlus offers a comprehensive portfolio of products and services, including Free SMS & MMS Messaging and International Calling.
Enables free unlimited texting to US and Canada users.
Provides low-cost calls to countries like Canada and Mexico.
Funding Insights of textPlus
textPlus has successfully raised a total of $53.28M across 5 strategic funding rounds. The most recent funding activity was a Series D round of $6.9 million completed in March 2015. 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 textPlus
textPlus has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Kleiner Perkins, The Raine Group and Matrix.
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Multiple sectors are targeted through private equity by Raine.
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Early-stage ventures are funded by the investment firm.
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Venture capital funding is provided to early-stage companies.
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Investor details for textPlus
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- Investor locations
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Investments & Acquisitions by textPlus
textPlus has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Jarvus.
Investment portfolio details for textPlus
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- Portfolio identities
- Transaction dates
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Collaborative photo albums are created and shared among users.
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Complete acquisition details for textPlus
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - textPlus
Detailed financials for textPlus
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
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Verified entity values are shown only after access is granted.
Textplus Comparisons
Peer comparison for textPlus
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- Named peers
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Competitors of textPlus
textPlus 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 TextNow, Rebtel, Pinger, Tyntec and Fongo, among others.
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Provider of free texting and international voice calling app
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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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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 textPlus
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Verified entity values are shown only after access is granted.
Latest news on Textplus
Complete news archive for textPlus
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- Source and publication date
- Older coverage
- Brand-specific news history
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Frequently Asked Questions about textPlus
textPlus was founded in 2007 and raised its 1st funding round 1 year after it was founded.
textPlus is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
textPlus is a funded company, having raised a total of $53.28M across 5 funding rounds to date.
textPlus was founded in 2007 in Los Angeles, United States, within the mobile communications sector. VoIP-based texting, calling, and sharing services are offered through an app compatible with iOS, Android, Windows smartphones, tablets, and iPod touch devices. An open network connects over 110 million users worldwide. Backing is provided by investors such as Kleiner Perkins Caufield and Byers, Matrix Partners, and GRP Partners.
textPlus offers Free SMS & MMS Messaging and International Calling.
textPlus has made 1 acquisition, including Jarvus.
textPlus has 4 investors. Key investors include Kleiner Perkins, The Raine Group, Matrix, and Upfront Ventures.