Gigs Raises M Series B Financing Round

SAN FRANCISCO, CA, Gigs, the operating system for mobile services, today announced that it has raised a $73 million Series B led by Ribbit Capital.

All existing investors, including Google’s Gradient, YC and Speedinvest, participated in the round. Gigs will use the funding to expand its geographical footprint and invest in an expanded suite of products and services for tech companies. This will enable more tech brands to meaningfully innovate in telecom, provide more value to their customers, and tap into a new recurring revenue stream.

Gigs, the operating system for mobile services, empowers tech companies to seamlessly embed connectivity into their offerings in weeks. By bundling phone plans and travel data with their core services, Gigs’ customers can increase stickiness and unlock a new recurring revenue stream with digital mobile experiences that meaningfully create value to consumers. Gigs’ end-to-end platform provides everything brands need to launch and operate their own multi-market mobile service: premium wholesale connectivity, a hosted checkout, billing, subscription management, analytics, and AI-powered customer service.

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Source: VC News Daily