What is textPlus?
textPlus operates as a prominent mobile communications service, enabling users worldwide to text, talk, and share content affordably and freely. The platform boasts an extensive open network connecting over 110 million individuals globally through its chart-leading application, which is accessible on iOS, Android, and Windows smartphones and devices. Headquartered in Marina del Rey, textPlus has consistently focused on providing unparalleled choice, savings, and reliability to enhance the consumer phone experience.
How much funding has textPlus raised?
textPlus has raised a total of $53.4M across 6 funding rounds:
Series A
$5.2M
Series B
$8.2M
Series C
$15M
Series D
$18M
Private Equity
$6.9M
Debt
$150K
Series A (2008): $5.2M with participation from Kleiner Perkins Caufield & Byers
Series B (2009): $8.2M led by Matrix Partners and Kleiner Perkins Caufield & Byers
Series C (2011): $15M supported by GRP Partners, Kleiner Perkins Caufield & Byers, and Matrix Partners
Series D (2012): $18M featuring Kleiner Perkins Caufield & Byers, Matrix Partners, The Raine Group, and GRP Partners
Private Equity (2015): $6.9M, investors not publicly disclosed
Debt (2020): $150K with participation from PPP
Key Investors in textPlus
Kleiner Perkins Caufield & Byers
Kleiner Perkins is a Menlo Park-based venture capital firm that invests in early and growth-stage technology and life science companies, providing capital and operational support from seed through IPO or acquisition.
Matrix Partners
Matrix Partners is an award-winning firm that specializes in strategy, advertising, and public relations, with a focus on consumer and pet product brands since 1987.
GRP Partners
Upfront Ventures (operating as GRP Partners) is a venture capital firm in Los Angeles specializing in digital media, SaaS, consumer internet, and retail innovation, supporting technology startups.
What's next for textPlus?
The company's substantial enterprise-level funding, including its recent major strategic investment, positions textPlus for accelerated growth and market expansion. This backing is likely to fuel further development of its communication platform, enhance its global network reach, and potentially explore new service offerings. The consistent investment from prominent venture capital firms suggests a strong belief in textPlus's business model and its capacity to innovate within the competitive mobile communications landscape.
See full textPlus company page
