How Much Did Solutions by Text Raise?
Funding & Key Investors

Solutions by Text, a prominent player in the mobile communication sector, has successfully secured a major strategic investment, bringing its total capital accumulation to $145.4M. This latest infusion of $110M underscores the company's robust trajectory within the enterprise messaging market. By leveraging its established history since 2008, the firm continues to solidify its position as a critical infrastructure provider for businesses seeking to optimize client engagement through advanced SMS technology.

The funding history reflects a clear evolution, beginning with debt financing in 2020, followed by a significant expansion round in 2021, and culminating in the recent private equity backing. This progression highlights the company's transition from a specialized consulting division to a high-growth enterprise platform capable of attracting institutional-grade capital.

What is Solutions by Text?

Solutions by Text
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Headquartered in Dallas, Texas, Solutions by Text operates as a specialized division of Marketing Response Solutions. The company focuses on streamlining client communication by harnessing the ubiquity and immediacy of SMS. By providing advanced business solutions in the mobile space, the firm enables enterprises to automate workflows, enhance customer service, and drive engagement through secure, compliant messaging protocols. Its market position is defined by a long-standing commitment to the business community, offering a blend of consulting expertise and technical innovation that differentiates it from standard messaging aggregators.

How much funding has Solutions by Text raised?

Solutions by Text has raised a total of $145.3M across 3 funding rounds:

2020

Debt

$350K

2021

Other Financing Round

$35M

2024

Private Equity

$110M

Debt (2020): $350K with participation from PPP

Other Financing Round (2021): $35M led by Edison Partners

Private Equity (2024): $110M supported by StepStone Group and Edison Partners

Key Investors in Solutions by Text

StepStone Group

A global private markets investment firm providing customized investment solutions and advisory services to institutional clients, including pension funds and sovereign wealth funds.

Edison Partners

A firm operating within the venture capital and private equity landscape, focused on supporting growth-stage companies with strategic capital and operational expertise.

PPP

Public-Private Partnership

What's next for Solutions by Text?

With the recent influx of capital, Solutions by Text is well-positioned to accelerate its product roadmap and expand its enterprise-grade feature set. The strategic focus will likely center on scaling its infrastructure to support higher message volumes while maintaining the rigorous compliance standards required by its diverse client base. As the demand for mobile-first customer interaction continues to rise, the company is expected to invest in AI-driven messaging analytics and deeper CRM integrations. This growth phase will be critical in maintaining its competitive edge against emerging communication platforms, ensuring that the firm remains a primary partner for organizations prioritizing mobile-centric digital transformation.

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Frequently Asked Questions Regarding Solutions by Text Financial Insights

What are the most recent funding rounds that Solutions by Text has completed, and what were the funding rounds?
Solutions by Text has recently completed 3 funding rounds: Private Equity on May 29, 2024, Other Financing Round on Nov 30, 2021, Debt on Apr 15, 2020.
What is the total amount of funding Solutions by Text has raised to date?
Solutions by Text has raised a total of $145.3M in funding to date.
How many funding rounds has Solutions by Text completed?
Solutions by Text has completed 3 funding rounds.
How much funding did Solutions by Text raise in its most recent funding round?
Solutions by Text raised $110M in its most recent funding round.
Who are the lead investors in Solutions by Text's latest funding round?
The lead investor in Solutions by Text's latest funding round was StepStone Group. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Solutions by Text's history?
The largest funding round in Solutions by Text's history was $110M.
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