2024 Revenue
$100M
Funding
$1M
YOY
890.6%
Team
249
Founded
2009
How TextNow CEO Derek Ting grew to $100M revenue with a 249 person team in 2024.
Developer of a cloud-based phone carrier services designed to connect the world by creating the exceptional and affordable phone service. The company's phone carrier services offer low-cost, international calling to over 230 countries and include unlimited texting, calling, and data services, enabling users to stay connected while travelling the world.
Last updated
TextNow Revenue
In 2024, TextNow's revenue reached $100M. The company previously reported $12.8M in 2024. Since its launch in 2009, TextNow has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | TextNow Hit $100m revenue in November 2024Source | |
| 2023 | TextNow Hit $10.1m revenue in December 2023 | |
| 2021 | TextNow Hit $8m revenue in April 2021 | |
| 2009 | Launched with $0 revenue |
TextNow Valuation, Funding Rounds
TextNow has not publicly disclosed its valuation. The company has raised $1M in total funding to date.
TextNow has raised $1M in total funding across 1 round, with its most recent round in 2011.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|---|---|---|---|---|
| 2011 | Funding round | $1M | - | - |
Founder / CEO
Derek Ting
CEO
Derek Ting is the co-founder and CEO of TextNow.Prior to that, Derek served as a software engineer at Qualcomm and Phoenix Interactive Design Inc. Derek founded WoolNet LLC
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
We do not have customer count information for TextNow yet.
TextNow Employees & Team Size
TextNow employs approximately 249 people as of 2026, up from 239 in 2023.
| Year | Milestone |
|---|---|
| 2024 | Reached 249 employees (December 2024) |
| 2024 | Reached 246 employees (October 2024) |
| 2023 | Reached 239 employees (December 2023) |
| 2022 | Reached 237 employees (December 2022) |
| 2021 | Reached 228 employees (December 2021) |
| 2021 | Reached 160 employees (April 2021) |
Frequently Asked Questions about TextNow
What is TextNow's revenue?
TextNow generates $100M in revenue.
Who founded TextNow?
TextNow was founded by Derek Ting.
Who is the CEO of TextNow?
The CEO of TextNow is Derek Ting.
How much funding does TextNow have?
TextNow raised $1M across 1 round.
How many employees does TextNow have?
TextNow has 249 employees.
Where is TextNow headquarters?
TextNow is headquartered in Waterloo, Ontario, Canada.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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