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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
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.
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 | Source |
|---|---|---|---|---|---|
| 2011 | Funding round | $1M | - | - |
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
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We do not have customer count information for TextNow yet.
TextNow employs approximately 249 people as of 2026, up from 239 in 2023.
TextNow generates $100M in revenue.
TextNow was founded by Derek Ting.
The CEO of TextNow is Derek Ting.
TextNow raised $1M across 1 round.
TextNow has 249 employees.
TextNow is headquartered in Waterloo, Ontario, Canada.
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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2024 Revenue
$100M
Funding
$1M
Team
249
Founded
2009
| Year | Milestone | Source |
|---|---|---|
| 2024 | TextNow Hit $100m revenue in November 2024 | textnow.com |
| 2024 | TextNow Hit $12.8m revenue in October 2024 | Estimated |
| 2023 | TextNow Hit $10.1m revenue in December 2023 | Estimated |
| 2021 | TextNow Hit $8m revenue in April 2021 | |
| 2009 | Launched with $0 revenue |
| Year | Milestone | Source |
|---|---|---|
| 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) |
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