About TextPower
TextPower is a company based in Los Angeles (United States) founded in 2009 was acquired by ARCOS in June 2024.. TextPower has raised $525 thousand across 1 funding round from investors including ARCOS and ACE fund. The company has 5 employees as of December 31, 2022. TextPower operates in a competitive market with competitors including Slack, Mask Network, Critical Path, Blink and JANDI, among others.
- Headquarter Los Angeles, United States
- Employees 5 as on 31 Dec, 2022
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Textpower Inc
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Funding Insights of TextPower
TextPower has successfully raised a total of $525K through 1 strategic funding round. The most recent funding activity was a Series A round of $525 thousand completed in October 2013. 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 1
- Last Round Series A — $525,000
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First Round
First Round
(17 Oct 2013)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2013 | Amount | Series A - TextPower | Valuation |
investors |
| 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 |
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Investors in TextPower
TextPower has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include ARCOS and ACE fund. 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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Operates as a fund of funds specializing in investments for biotech startups.
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Founded Year | Domain | Location | |
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Mobile workforce management software is provided for utilities and airlines.
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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 TextPower
| 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 |
Financial Statements - TextPower
| 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 |
Textpower Comparisons
Competitors of TextPower
TextPower 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 Slack, Mask Network, Critical Path, Blink and JANDI, 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 |
Cloud-based team communication and collaboration platform is provided.
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| domain | founded_year | HQ Location |
Provider of encrypted messaging applications
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| domain | founded_year | HQ Location |
Spam-blocking, virus protection, and secure messaging services are provided.
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| domain | founded_year | HQ Location |
Front-line workers are empowered and protected through a cloud-based platform.
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| domain | founded_year | HQ Location |
Enterprise team collaboration is facilitated via cloud-based messaging platform.
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| domain | founded_year | HQ Location |
Cloud based task management platform for file sharing
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Frequently Asked Questions about TextPower
When was TextPower founded?
TextPower was founded in 2009 and raised its 1st funding round 4 years after it was founded.
Where is TextPower located?
TextPower is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Is TextPower a funded company?
TextPower is a funded company, having raised a total of $525K across 1 funding round to date. The company's 1st funding round was a Series A of $525K, raised on Oct 17, 2013.
How many employees does TextPower have?
As of Dec 31, 2022, the latest employee count at TextPower is 5.
What does TextPower do?
TextPower is a provider of secure SMS messaging solutions. It provides text messaging (SMS) solutions for critical applications for immediate communications with customers or employees for high security authentication of users. Its authentication service, TextKey works by sending a message from the cell phone for verification. It can provide upto 7 distinct factors of authentication, including password, UDID, unique key, mobile number, personal pin, dynamically assigned destination, and single-use URL.
Who are the top competitors of TextPower?
TextPower's top competitors include Slack, Mask Network and Blink.
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