About TextPower
TextPower is a Technology company based in Los Angeles (United States) founded in 2009, and was acquired by ARCOS in June 2024. Secure SMS messaging solutions are provided for authentication and communications. TextPower has raised $525 thousand across 1 funding round from investors including ARCOS and ACE fund. The company has 5 employees. Its focus areas include Enterprise Infrastructure, Cybersecurity, Data Security and Secure Messaging. Its legal entity is TEXTPOWER INC. Its competitors include Slack, Mask Network and Critical Path; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Los Angeles, United States
- Employees 5
- Stage Acquired
- SectorsTechnology
- Website textpower.com
- Social LinkedIn X Facebook
- Acquired by ARCOS (Jun 2024)
- Legal Name Textpower Inc
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 $525,000
- Total Rounds 1
- Last Round Series A — $525,000
- First Round $525,000
(Oct 2013)
- Investors Count 1
All 1 funding rounds of TextPower with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2013 | $525,000 | Series A | – | – |
2 investors in total: 2 institutional.
Investors in TextPower
TextPower has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include ARCOS and ACE fund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Operates as a fund of funds specializing in investments for biotech startups. | 2015 | ace.fund | United Kingdom | |
Mobile workforce management software is provided for utilities and airlines. | 1993 | arcos-inc.com | Columbus, United States |
Investor details for TextPower
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People of TextPower
2 people are tracked at TextPower (1 in leadership, 1 in board & advisors); the tracked headcount is 5.
| Name | Role | Group |
|---|---|---|
Therese H. | Marketing Director | Leadership |
Mark Nielsen | Co-Founder & Executive Chairman | Board & advisors |
Complete people profiles for TextPower
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Timeline of TextPower
3 dated milestones of TextPower across 15 years, from founding to its latest funding, stage changes and deals.
- Founded TextPower is founded.
- Funding First funding round of $525K.
- Exit Acquired by ARCOS.
Competitors of TextPower
TextPower has 3 listed competitors in our database, 3 of them funded. They include Slack, Mask Network and Critical Path.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| slack.com | 2009 | San Francisco, United States | $1.22B | 1,820 | Cloud-based team communication and collaboration platform is provided. | |
| mask.io | 2018 | Champaign, United States | $5M | Provider of encrypted messaging applications | ||
| cp.net | 1998 | San Mateo, United States | $42M | Spam-blocking, virus protection, and secure messaging services are provided. |
Detailed competitors of TextPower
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Top companies in Enterprise Collaboration & Video Tools
3 companies that operate in the same segment as TextPower (Enterprise Collaboration & Video Tools) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based team communication and collaboration platform is provided. | 2009 | San Francisco, California, United States | USD 1.22 B | 2,555 | ||
Collaborative platform for design prototyping and feedback is provided. | 2012 | San Francisco, California, United States | USD 748.62 M | 2,877 | ||
AI-based platform for secure collaboration and content management is utilized. | 2005 | Redwood City, California, United States | USD 692.63 M | USD 1.18 B | 4,447 |
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Related news about Textpower
Complete news archive for TextPower
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Frequently Asked Questions about TextPower
TextPower was founded in 2009 and raised its 1st funding round 4 years after it was founded.
TextPower is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
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 2013.
TextPower has 5 employees.
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.
TextPower's top competitors include Slack, Mask Network and Critical Path.
TextPower operates through Textpower Inc.
Yes. TextPower was acquired by ARCOS in June 2024.