Mobile connectivity startup Braid raises $38 million from Octopus Ventures; here's how it plans to use the funding
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Mobile connectivity startup Braid raised $38 million in a Series A funding round led by Octopus Ventures.
- ✓Founded in 2023, the company plans to use the money to grow its carrier network and expand internationally.
- ✓Braid helps businesses integrate mobile connectivity into their products using a single simple API interface.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Livemint
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Braid, formerly known as Next Communications, has raised $38 million in a Series A funding round led by Octopus Ventures, with KPN Ventures also participating, according to a report by Tech Funding News. The Netherlands-based startup claims to be profitable and cash-flow positive, it added.
The mobile connectivity company will use the funds to expand its presence internationally, grow its carrier network and build out infrastructure to strengthen its position in the embedded connectivity space.
The raise marks the company’s first external capital since it was founded in 2023 by Jignesh Dave, Vishal Dave and Mitesh Popat. The company has presence in multiple regions, including India, Europe, the Middle East and Africa.
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