Braid (formerly Next Communications) raises $38M (€34.13M)
- Company
- Braid (formerly Next Communications)
- Round
- Series A
- Amount
- $38M (€34.13M)
- Market
- Global
- Region
- Global
- Investors
- Octopus Ventures, KPN Ventures
- Announced
- October 29, 2026
What happened
Braid (rebranding from Next Communications) announced a $38M Series A led by Octopus Ventures with participation from KPN Ventures. The company says it operates an API platform that orchestrates 600+ carrier networks across 200+ countries and serves ~90 enterprise customers.
Why it matters
This round signals continued investor appetite for embedded-connectivity platforms that let brands and fintechs add SIM/eSIM services without becoming carriers; it strengthens a competitor in the MVNE/eSIM orchestration layer at a time when D2D/NTN and cross-border provisioning are gaining strategic importance. The funding should accelerate carrier integrations and geographic expansion, increasing pressure on legacy MVNEs and eSIM marketplaces to simplify enterprise-facing APIs and commercial terms.
Source: Next Communications / Braid press release
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