Twilio lands $17M in Series C financing round
Cloud communications provider Twilio has closed a $17 million Series C round, bringing the firm's total venture funding to $33.7 million. Bessemer Venture Partners and Union Square Ventures--both investors in Twilio's Series B round--led the latest round.
Twilio enables software developers and content providers to integrate voice, VoIP and messaging capabilities into their existing applications or build new solutions from scratch by leveraging simple, web-based tools. Twilio requires no contracts and charges no upfront fees--users instead pay solely for the solutions they implement, when they use them. Earlier this year, the firm introduced a series of new products including SMS Short Codes, Twilio Client and Twilio Connect.
According to Twilio, its customer base increased by 400 percent over the last year, with close to 75,000 developers now leveraging its tools. The company will earmark the new funding to build its team and continue its international expansion, indicating plans to offer its services locally in 20 European markets over the coming months. In October, Twilio introduced its products to the U.K. market.
- read this release
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