Nexmo Raises $3 Million

Posted Feb 22, 2013

Nexmo is a mobile messaging company that has raised $3 million in funding.  The lead investor in this round was Intel Capital.  Other investors that participated include NHN Investment Corporation and Initial Capital.  Nexmo started in 2010 and has raised $500,000 in seed capital at the start of last year.

Nexmo is known for streamlining the layers between telecommunications companies and developers.  The company’s messaging API service hits around 5 billion people around the world.  Developers at companies like Pfizer uses Nexmo’s APIs to deliver messages that show up on the displays of mobile phones independent of SMS.  If Pfizer did not have Nexmo, they would have had to build their own infrastructure for the same capabilities.

Their customers use the service on a pay-per-use basis.  The company plans to use the funding to scale their model and launch more APIs like text-to-speech capabilities.

Nexmo CEO and co-founder Tony Jamous has been working in the wholesale business for around 15 years.  Jamous and his team has relationships with telecommunications companies all over the world, which makes it easier for them to form partnerships.  Nexmo has offices in London and San Francisco.  They are planning to open more offices in Madrid and Singapore.  They have 20 employees and are expecting to have about 35 total by the end of the year.

[Source: TechCrunch]