TextNow - About the company
TextNow is a seed company based in Waterloo (Canada), founded in 2009 by Jon Lerner, Derek Ting and Gary Fung. It operates as a Provider of free texting and international voice calling app. TextNow has raised $2.92M in funding from investors like Menlo Ventures, Accelerator Centre and Freestyle. The company has 109 active competitors, including 9 funded and 7 that have exited. Its top competitors include companies like Rebtel, Jott and Pinger.
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
Investors
Ranked
1st among 109 active competitors
Employee Count
237 as on Dec 31, 2024
Legal entities associated with TextNow
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 | - | - | - |
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TextNow's funding and investors
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 | 1988082 | Seed | 8247209 | 4363612 | 9555096 | 1341666 |
May 15, 2012 | 6820333 | Seed | 2861447 | 5626380 | 7657675 | |
Oct 19, 2011 | 4631983 | Seed | 7577059 | 9672444 |
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TextNow's founders and board of directors
Founder? Claim ProfileHere 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 |
|---|---|---|---|---|
Independent board member | - | Current | 5y 11m | |
cjhrsml | Independent board member | - | Current | 3y 5m |
svxtgqu | Independent board member | - | Current | 2y 3m |
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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TextNow's Competitors and alternates
Top competitors of TextNow include Rebtel, Jott and Pinger. Here is the list of Top 10 competitors of TextNow, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of free texting and international voice calling app | $2.92M | 69/100 | ||
2nd | Mobile application for calling and messages | $28M | 62/100 | ||
3rd | Jott 2007, Seattle (United States), Acquired | JOTT: Stylish down jackets, clothing, and accessories for men, women, and children | $7.1M | 56/100 | |
4th | Pinger 2005, San Jose (United States), Series A | Communication app developer simplifying connections for individuals and businesses | $7.5M | 56/100 | |
5th |  Yalla 2014, Dubai (United Arab Emirates), Public | Online social networking and gaming company | - | - | 53/100 |
6th | textPlus 2007, Los Angeles (United States), Series D | VoIP calling and messaging app | $53.3M | 52/100 | |
7th | Tyntec 2002, Douglas (United Kingdom), Series A | Mobile interaction service provider | $17M | 49/100 | |
8th | Free voice calling app in Canada | $1.7M | 46/100 | ||
9th | Mobile app for communication management | - | - | 45/100 | |
10th |  MySudo 2014, Salt Lake City (United States), Unfunded | Provider of a cloud-based app for personal information management | - | - | 44/100 |
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TextNow's Investments and acquisitions
TextNow has made no investments or acquisitions yet.
News related to TextNow
Filter this listMedia has covered TextNow for a total of 10 events in the last 1 year, 6 of them have been about company updates and 2 about partnerships.
•
Mavenir and TextNow Win Best MVNO and Industry Collaboration at MVNOs World AwardsGlobeNewswire•Jun 08, 2026•Mavenir, TextNow
•
iHeartRadio and TextNow ink major distribution deal for ad-supported mobile serviceRAIN News•Jun 03, 2026•TextNow
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VyOS Networks Enables TextNow to Scale Partner VPN AccessibilityGlobeNewswire•Apr 22, 2026•VyOS, TextNow
•
Mavenir Partners With TextNow to Evolve App-Based 5G MVNO ServiceFinancial Post•Feb 24, 2026•Mavenir, TextNow
•
Tune Talk Becomes ASEAN’s First Fully Cloud-Native Mobile Network Operator with MavenirFinancial Post•Feb 23, 2026•Tune Talk, Mavenir, TextNow
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LiveOne (NASDAQ:LVO) Launches Multi-Year B2B Partnership with TextNowGlobeNewswire•Aug 19, 2024•LiveOne, TextNow
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TextNow launches new "Free Essential Data" plan with talk and text includedPhoneArena•May 07, 2024•TextNow
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Textnow Named One Of Canada's Top Growing Companies On The Globe And Mail's Fourth-annual RankingGlobeNewswire•Sep 23, 2022•TextNow
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