Now You're Talking: VC Investment in Communication Software
September 09, 2013
It’s hard to imagine that some people who are still in their twenties went through high school without owning a cell phone. We’ve come a long way since then, as communication technology continues to advance and become more accessible at an exponential rate. These days, you wouldn’t be hard-pressed to find a toddler with an iPhone. Ok, that might be a slight exaggeration, but it’s no question that communication technology has evolved immensely in recent years. It’s not only becoming increasingly available, it’s also changing the ways we interact with one another.
Since the beginning of 2009, VC investors have invested in 398 U.S.-headquartered communication software companies, according to the PitchBook Platform. In that timeframe, the number of deals completed each year increased, more than doubling from 80 in 2009 to 177 in 2012. Two of the three largest deals in the industry since 2009 were completed this year; Twilio raised $70 million in Series D financing, and Snapchat scored a $60 million Series B round.
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