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
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Net Profit
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EBITDA
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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
Employee Count
- 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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series D — $6.9M
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First Round
First Round
(25 Jan 2008)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2015 | Amount | Series D - textPlus | Valuation |
investors |
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| Oct, 2012 | Amount | Series D - textPlus | Valuation |
investors |
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| Feb, 2011 | Amount | Series C - textPlus | Valuation | Upfront Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Multiple sectors are targeted through private equity by Raine.
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Founded Year | Domain | Location | |
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Early-stage ventures are funded by the investment firm.
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Founded Year | Domain | Location | |
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Venture capital funding is provided to early-stage companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by textPlus
textPlus has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Jarvus. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Collaborative photo albums are created and shared among users.
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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - textPlus
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Textplus Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of free texting and international voice calling app
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| domain | founded_year | HQ Location |
Cheap international calling services are provided by Rebtel.
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| domain | founded_year | HQ Location |
Free texting and calling are enabled through a cross-platform app.
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| domain | founded_year | HQ Location |
Mobile messaging services are provided for enterprise-customer connections.
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| domain | founded_year | HQ Location |
Free mobile voice calling is provided across Canada.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Textplus
Frequently Asked Questions about textPlus
When was textPlus founded?
textPlus was founded in 2007 and raised its 1st funding round 1 year after it was founded.
Where is textPlus located?
textPlus is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Is textPlus a funded company?
textPlus is a funded company, having raised a total of $53.28M across 5 funding rounds to date. The company's 1st funding round was a Series C of $15M, raised on Jan 25, 2008.
What does textPlus do?
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.
Who are the top competitors of textPlus?
What products or services does textPlus offer?
textPlus offers Free SMS & MMS Messaging and International Calling.
How many acquisitions has textPlus made?
textPlus has made 1 acquisition, including Jarvus.
Who are textPlus's investors?
textPlus has 4 investors. Key investors include Kleiner Perkins, The Raine Group, Matrix, and Upfront Ventures.
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