When was TextNow founded?

TextNow was founded in 2009 and raised its 1st funding round 2 years after it was founded.

Where is TextNow located?

TextNow is headquartered in Waterloo, Canada. It is registered at San Francisco, California.

Who is the current CEO of TextNow?

Derek Ting of TextNow. They have also founded 1 company.

How many employees does TextNow have?

As of Dec 31, 2024, the latest employee count at TextNow is 237.

Is TextNow a funded company?

TextNow is a funded company, having raised a total of $2.92M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Oct 19, 2011.

When was the latest funding round of TextNow?

TextNow's latest funding was a $***** Seed round on Feb 19, 2020, with participation from 1 investor.

Where does TextNow rank among its competitors?

TextNow ranks 1st amongst 109 active competitors, of which 9 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was Tyntec, which secured an undisclosed amount in Jul, 2021.

Who are the top competitors of TextNow?

TextNow's top competitors include Rebtel, textPlus and Jott. Among them, Tyntec secured the most recent funding round in July, 2021.

TextNow - 2026 Company Profile, Team, Funding & Competitors

Company Details

Provider of free texting and international voice calling app. It is a mobile app that offers free text and international voice calling over wifi or user data/voice plans. It assigns each user an individual phone number for receiving phone calls and text messages. Its mobile app is available for Android and iPhone devices.

Website: www.textnow.com/
Social
Email ID: *****@textnow.com
Registered Address: San Francisco, California

Key Metrics

Founded Year

2009

Location

Waterloo, Canada

Stage

Seed

Total Funding

$2.92M in 3 rounds

Latest Funding Round

Seed, Feb 19, 2020, $*****

Investors

Menlo Ventures & 4 more

Ranked

1^st among 109 active competitors

Employee Count

237 as on Dec 31, 2024

Similar Companies

Rebtel & 204 more

View TextNow's full profile

TextNow is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
TEXTNOW, INC. CIN: 471917040 , United States, Active	Dec 26, 999	-	106 (As on Dec 31, 2024)	-
Textnow Inc. CIN: 32072027777 , United States, Active	Sep 24, 2019	-	-	-

TextNow has raised a total funding of $2.92M over 3 rounds. Its first funding round was on Oct 19, 2011. Its latest funding round was a Seed round on Feb 19, 2020 for $*****. 1 investor participated in its latest round. TextNow has 4 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of TextNow:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 19, 2020	7228645	Seed	3826815	7466248	8737173	5439082
May 15, 2012	2206143	Seed	3420077	9540515	9309696	Menlo Ventures
Oct 19, 2011	7732082	Seed	4572200	2208295	Freestyle & 1 more	Troy Carter

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View details of TextNow's funding rounds and investors

The founders of TextNow are Jon Lerner, Derek Ting and Gary Fung. Derek Ting is the CEO of TextNow.

Here are the details of TextNow's key team members:

Jon Lerner: Former Co-Founder of TextNow and founder of 2 other companies, Enflick and CoinTracker. They are also an angel investor in 1 startup.
Contact Info: 2 email addresses
Derek Ting: Co-Founder & CEO of TextNow and founder of 1 other company.
Contact Info: 1 email address
Gary Fung: Former Co-Founder of TextNow and founder of 1 other company.

TextNow's Board of Directors

TextNow's board has 3 active members. Paul Schaut, Norman De Greve and Karina Kudinova are independent board members.

Here is the list of TextNow's board of directors:

Name	Type	Representing	Status	Duration
Paul Schaut	Independent board member	-	Current	5y 7m
ywxdzrq	Independent board member	-	Current	1y 6m
cjaxp{j	Independent board member	-	Current	1y 6m

View details of TextNow's Founder profiles and Board Members

TextNow's employee count trend

TextNow has 237 employees as of Dec 24. Here is TextNow's employee count trend over the years:

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Top competitors of TextNow include Rebtel, textPlus and Jott. Here is the list of Top 10 competitors of TextNow, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	TextNow 2009, Waterloo (Canada), Seed	Provider of free texting and international voice calling app	$2.92M	Evolution VC Partners, Menlo Ventures & 3 others	69/100
2nd	Rebtel 2006, Stockholm (Sweden), Series A	Mobile application for calling and messages	$28M	Benchmark, Balderton Capital & 1 others	62/100
3rd	textPlus 2007, Los Angeles (United States), Series D	VoIP calling and messaging app	$53.3M	Matrix, Upfront Ventures & 3 others	56/100
4th	Jott 2007, Seattle (United States), Acquired	JOTT: Stylish down jackets, clothing, and accessories for men, women, and children	$7.1M	Bain Capital Ventures, Lerer Hippeau & 8 others	55/100
5th	Pinger 2005, San Jose (United States), Series A	Communication app developer simplifying connections for individuals and businesses	$7.5M	T Capital, Thermal & 2 others	53/100
6th	Fongo 2010, Waterloo (Canada), Seed	Free voice calling app in Canada	$1.7M	Golden Triangle Angel Network, Tech Capital Partners ... & 1 others	46/100
7th	Yalla 2014, Dubai (United Arab Emirates), Public	Online social networking and gaming company	-	-	46/100
8th	MeYo 2020, China, Unfunded	Mobile app for communication management	-	-	45/100
9th	Tyntec 2002, Douglas (United Kingdom), Series A	Mobile interaction service provider	$17M	Cipio Partners, Catagonia Capital & 5 others	44/100
10th	NetTALK 2006, Miami (United States), Public	Provider of VoIP communication and IT solutions	$600K	-	44/100