Twilio Garners $150,000,000 New Funding Round

  • Feed Type
  • Date
    6/22/2016
  • Company Name
    Twilio
  • Mailing Address
    645 Harrison St. 3rd Floor San Francisco, CA 94107 USA
  • Company Description
    Twilio (NYSE: TWLO) provides an in-cloud API for voice communications that leverages existing web development skills, resources and infrastructure. Twilio’s simple programming interface opens the field of voice applications to millions of web developers, and its Pay-As-You-Go pricing allows customers to pay for capacity on when they need it, not before.
  • Website
    http://www.twilio.com
  • Transaction Type
    IPO
  • Transaction Amount
    $150,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    We currently intend to use the net proceeds from this offering for working capital or other general corporate purposes, including funding our growth strategies discussed in this prospectus. These uses and growth strategies include investments to grow our engineering, sales and marketing and customer support teams, to enhance our technology platform, to grow our developer community and accelerate adoption, to increase our international presence, to further enable our Solution Partner customers, to expand our focus on enterprises and to expand ISV development platform and SI partnerships; however, we do not currently have any definitive or preliminary plans with respect to the use of proceeds for such purposes. We may also use a portion of the net proceeds to acquire businesses, products, services or technologies. However, we do not have agreements or commitments for any acquisitions at this time.
  • M&A Terms

Trending on Xconomy