Twilio Launches Twilio Ventures, a $50 Million Fund to Unlock the Imagination of Builders Fueling the Future of Customer Engagement
08 Dezembro 2021 - 11:00AM
Business Wire
New fund champions the next generation of
developer-centric software companies and innovation in customer
engagement
Recent investments include Algolia, Mux, Hyro,
Calixa, Well Health Inc. and Terazo
Twilio (NYSE: TWLO) (LTSE: TWLO), the leading cloud
communications platform, today announced the launch of Twilio
Ventures and its new $50 million fund designed to champion the next
generation of builders that are building the future of customer
engagement.
Twilio Ventures will primarily invest in early stage companies
with opportunistic investments in late stage companies at the
intersection of customer engagement and developers. Two key areas
of investment include: 1) Ecosystem investments that promote the
success of developers, partners and solutions within the Twilio
ecosystem to create paths for every type of builder and 2) Frontier
investments in adjacent thematic areas that are building innovative
solutions for delivering better customer experiences and
engagement. In addition to funding, the venture program will
provide portfolio companies with ongoing mentorship, potential
product and go-to-market support, and exposure to Twilio’s
leadership, partners and customers, among other benefits.
“Twilio operates at the customer layer of the internet to solve
businesses’ most critical challenge -- engaging with their
customers,” said Bryan Vaniman, senior vice president of corporate
development. “We have deep roots in the developer ecosystem and
have been partnering with startups for many years. Twilio Ventures
will accelerate our ability to empower builders and the start-up
community building the future of customer engagement by investing
directly in their growth and success.”
Twilio Ventures has completed several investments this year in
companies like Algolia, an API platform for search and dynamic
experiences; Mux, a platform that enables developers to build
unique live and on-demand video experiences; Hyro, an adaptive
conversational AI platform; Calixa, a product-led growth platform
for go-to-market teams; Well Health Inc., a SaaS digital health
leader in patient communications and Terazo, an API-first software
development, DevOps, and platform managed services firm. Other
previous investments include Community, the innovative text
messaging platform that powers direct relationships and one-on-one
conversations at scale; Courier, a developer infrastructure for
product notifications; and Krisp, an AI-powered app to remove
background noise and echo in meetings.
“Twilio and Algolia share a vision of utilizing API building
blocks to empower developers to improve the customer experience and
engagement,” said Bernadette Nixon, CEO of Algolia. “As a truly
developer-first company pushing the boundaries of customer
engagement, we are thrilled to have the support of Twilio as we
embark on our next phase of growth.”
The Twilio Ventures program is in addition to Twilio's existing
Twilio.org Impact Fund that supports nonprofits and social
enterprises that are accelerating social impact through innovative
communications and engagement technologies. The Impact Fund focuses
on platforms and strategies that make it easier, faster, and more
affordable for organizations to connect with the people they serve,
via annual grant cycles, and seed or Series A investment in social
enterprises. Most recently, the Twilio.org Impact Fund invested in
the Kapor Capital Fund III, which supports organizations using
technology to close gaps of access, opportunity and outcomes across
fintech, healthtech and edtech.
To learn more about Twilio Ventures, visit
www.twilio.com/ventures.
Forward-Looking Statements
This press release contains forward-looking statements,
including, but not limited to, statements regarding expected areas
of investment and the anticipated benefits of investments and the
venture program. These forward-looking statements are based on
Twilio’s current expectations and inherently involve significant
risks and uncertainties. Actual results and the timing of events
could differ materially from those anticipated in such forward
looking statements as a result of these risks and uncertainties,
which include those described in Twilio’s filings with the United
States Securities and Exchange Commission, including those factors
discussed under the caption “Risk Factors” in those filings.
Forward-looking statements speak only as of the date of this press
release and Twilio does not undertake any obligation to update or
revise these statements, except as may be required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20211208005128/en/
Carolyn Bos press@twilio.com
Twilio (NYSE:TWLO)
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