TextNow
Free texting and calling | Affordable no contract cell phone plans – TextNow.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor investor | €0.0 | round | |
| investor investor investor investor investor investor | €0.0 | round | |
$1.0m | Grant | ||
| Total Funding | 000k | ||
TextNow is a San Francisco-based startup that has revolutionized the telecommunications market by offering a unique, cost-effective solution for mobile communication. Founded in 2009, the company provides unlimited calling and texting services at no monthly fee, making it an attractive option for budget-conscious consumers. TextNow operates primarily in the United States and Canada, serving a diverse clientele that includes individuals, families, and small businesses looking for affordable communication solutions.
The company’s business model is straightforward yet innovative. TextNow offers a SIM card that provides unlimited nationwide talk and text over 5G, along with free essential data. This service is available at zero monthly cost, which is a significant draw for users. The company generates revenue through the sale of data passes, which can be purchased by the hour, day, or as needed. Additionally, TextNow offers premium services and features that users can opt into for a fee, further enhancing their communication experience.
TextNow has experienced significant growth since its inception. It reached one million active users in 2010 and expanded to fifteen million users by 2011. The company has also attracted substantial investment, raising $1.5 million in seed funding from notable investors such as Freestyle Capital, Menlo Talent Fund, and Menlo Seed. This financial backing has enabled TextNow to expand its operations and move into larger office spaces, including the greenest building in Canada, the Evolv1 location.
TextNow is committed to inclusivity and accessibility, ensuring that its services are available to people with disabilities in a manner that respects their dignity and independence. The company’s dedication to creating a welcoming and accessible environment is a testament to its broader mission of providing affordable and reliable communication for all.
Keywords: telecommunications, unlimited calling, texting, 5G, free data, SIM card, budget-friendly, inclusivity, accessibility, startup.