Posted November 10, 2019 05:29:52In October, Twilios $30 billion IPO became the largest ever for a technology company, surpassing Google’s $28 billion.
In the fourth quarter, the company had revenue of $4.2 billion, which is more than Apple’s $3.6 billion.
At the time, Twilios founders and co-founders wrote in a blog post that they hoped to become the world’s largest startup by the end of 2020.
They wrote that Twilius would be able to help solve the problems of mobile communication, improve the quality of data, and build the “world’s most advanced mobile payments platform.”
In a conference call, Twillio CEO John Molloy said the company would be investing $1 billion in its next round of financing.
That includes the $30 million that Twillios is expected to raise from the company’s first round of investors.
The company also plans to invest $1.7 billion to expand its network, according to Bloomberg.
“We’ve been a very aggressive early stage investor in startups, and this is the first round where we’re looking at a much larger size of investment,” Molloys co-founder and Chief Financial Officer David Condon said on the call.
Molloys said the next round will be targeted toward the top 10 to 20 companies.
We’re really excited about the next few months and what we’re going to be able do for our customers.””
It’s been a tremendous growth opportunity for Twilium.
We’re really excited about the next few months and what we’re going to be able do for our customers.”
Molloy did not disclose how many of the company will be acquired.
In addition to its investors, Twilliio is backed by Twilion Ventures, a fund led by Goldman Sachs and Bain Capital.
The fund has been actively backing startups and technology companies since its inception in 2014.