Key Takeaways
- • London-based Octopus Ventures and KPN Ventures, the venture arm of Dutch telecom KPN, invested $38 million (around Rs 361 crore) in Netherlands-based enterprise connectivity platform Braid in a Series A round.
- • Braid, launched in 2023, says it is profitable and cash-flow positive, with nearly 90 enterprise customers including global fintech and travel brands.
- • The capital will fund international expansion, carrier partnerships, and development of Braid's embedded mobile connectivity infrastructure.
- • Braid lets businesses embed branded mobile connectivity into existing apps and services without becoming telecom operators.
Summary
London-based venture capital firm Octopus Ventures, together with KPN Ventures, has invested $38 million (around Rs 361 crore) in Braid, a Netherlands-based enterprise connectivity platform, in a Series A funding round, according to the Business Standard report syndicated from the original feed.
KPN Ventures is the venture capital investment arm of KPN, the Netherlands' leading telecom and ICT service provider. The participation of a telecom operator's venture arm underscores the carrier-side interest in Braid's model.
Braid, which was launched in 2023, states that it is profitable and cash-flow positive. The company serves nearly 90 enterprise customers, including global fintech and travel brands. It will deploy the new funds to accelerate international expansion, strengthen carrier partnerships, and develop its embedded mobile connectivity infrastructure.
Braid's platform allows businesses to incorporate branded mobile connectivity into their existing applications, digital products, and customer services without becoming telecommunications operators themselves. Uthish Ranjan, Partner at Octopus Ventures, said the firm believes Braid is "defining a new category in embedded connectivity" and has the team, technology and ambition to become the default infrastructure layer for businesses delivering connectivity to their customers. Reinout van Ierschot, Executive Vice President at KPN Wholesale, said the platform enables enterprises to integrate connectivity through a single API, reducing operational complexity and accelerating time to market.
KPN Ventures is the venture capital investment arm of KPN, the Netherlands' leading telecom and ICT service provider. The participation of a telecom operator's venture arm underscores the carrier-side interest in Braid's model.
Braid, which was launched in 2023, states that it is profitable and cash-flow positive. The company serves nearly 90 enterprise customers, including global fintech and travel brands. It will deploy the new funds to accelerate international expansion, strengthen carrier partnerships, and develop its embedded mobile connectivity infrastructure.
Braid's platform allows businesses to incorporate branded mobile connectivity into their existing applications, digital products, and customer services without becoming telecommunications operators themselves. Uthish Ranjan, Partner at Octopus Ventures, said the firm believes Braid is "defining a new category in embedded connectivity" and has the team, technology and ambition to become the default infrastructure layer for businesses delivering connectivity to their customers. Reinout van Ierschot, Executive Vice President at KPN Wholesale, said the platform enables enterprises to integrate connectivity through a single API, reducing operational complexity and accelerating time to market.
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