Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Bloomberg News

Twilio Getting $70 Million Investment to Expand Mobile Messaging

June 07, 2013

Twilio Inc., a provider of voice and texting services to mobile-application developers, raised $70 million from venture capitalists as it seeks new customers in retail, transportation and hospitality.

The funding is being led by Redpoint Ventures and includes Bessemer Venture Partners and Draper Fisher Jurvetson, San Francisco-based Twilio said today. Redpoint’s Scott Raney will join Twilio’s board, the company said.

Twilio, founded in 2008, is riding a boom in mobile messaging, as companies such as car-hire app Uber Technologies Inc. and Home Depot Inc. (HD:US) use its service to reach customers over wireless devices. Twilio, which said it has expanded into more than 40 countries and doubled sales in each of the past three years, didn’t disclose revenue or other financials.

Most of Twilio’s 150 employees work in a new headquarters in San Francisco’s South of Market neighborhood. All staff members are required to create their own messaging apps upon joining.

The market for messaging services could be worth billions of dollars, according to Jeff Lawson, Twilio’s co-founder and chief executive officer.

“We helped developers and corporations realize they can tap the power of the cloud for voice and messaging services,” Lawson said in an e-mailed statement. “This represents a multibillion-dollar market opportunity.”

To contact the reporter on this story: Douglas MacMillan in San Francisco at

To contact the editor responsible for this story: Tom Giles at

blog comments powered by Disqus