Funding Tracker
Announced March 16, 2022OXIO raises $40M
- Company
- OXIO
- Round
- Series B
- Amount
- $40M
- Investors
- ParaFi Capital (lead), Digital Currency Group, Ascend, Leyden Ventures, Multicoin Capital, Monashees, Atlantico Capital, FinTech Collective
- Announced
- March 16, 2022
What happened
OXIO raised a $40 million Series B led by ParaFi Capital, with Digital Currency Group, Ascend, Leyden Ventures, Multicoin Capital, Monashees, Atlantico Capital, and FinTech Collective participating, to expand its telecom-as-a-service platform that lets any brand embed mobile connectivity.
Why it matters
OXIO was one of the first big bets on telecom-as-a-service — the thesis that brands would become carriers via API, which Gigs, Shaka, and the embedded-MVNO wave later proved out.
MVNE
Embedded connectivity
Source: OXIO
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