Twilio, the market leading cloud communications company and Silicon Valley VC firm 500 Startups, has today announced OnePageCRM as the first recipient of their joint startup fund, Twilio Fund Europe.
Announced in March this year, Twilio Fund Europe is a new micro-fund backed by 500 Startups for Twilio powered companies from across the continent. OnePageCRM becomes the first company to benefit from the European-centric project’s financial backing, and will additionally receive a featured slot at Twilio's first conference held outside of the USA, TwilioCon Europe ‘13, in London on 21st October.
“We’re delighted to welcome OnePageCRM into the Twilio Fund fold. Amid a very high standard of competition and over 100 entrants, the team’s product and vision for the future stood out a long way for us,” commented Jeff Lawson, Twilio CEO. “We’re now looking forward to presenting their story at TwilioCon Europe, and in the longer term helping the company achieve it’s full potential.”
“Receiving backing from companies with the prestige of Twilio and 500 Startups not only validates our proposition but also gives us a real roadmap for the future,” commented Michael FitzGerald, OnePageCRM founder and CEO. “We will be using our new investment to expand the existing team across all disciplines, as well as to introduce some Twilio-powered functionality that will make a notable difference to our customers’ experience with us.”
Twilio Fund Europe was launched following the success of Twilio Fund in the US; a microfund created by 500 Startups and SV Angel, launched in September 2010 to provide seed capital to startups built on the Twilio cloud communications platform. Twilio Fund has made over 10 investments to date with recent recipients from 2012 including Babelverse, Call Loop, Healthsouk, Sessions, Wedgies, FastCall, Magnolia Prime, OrderMapper, and Turnstar.
Twilio (www.twilio.com), the cloud communications company, is reinventing telecom by merging the worlds of cloud computing, web services and telecommunications. Twilio provides a telephony infrastructure web service in the cloud, allowing web developers to integrate phone calls, text messages and IP voice communications into their web, mobile and traditional phone applications. The company is privately held and is headquartered in San Francisco, California.
About 500 Startups
500 Startups is a global seed fund and mentorship-driven startup accelerator program that focuses on helping startups succeed through usable design, customer-focused metrics, and scalable distribution. 500 Startups is based in Mountain View, California, but their portfolio companies, mentors, and advisors come from all around the world. Learn more at 500.co
OnePageCRM (www.onepagecrm.com) has reinvented the sales function by building in a workflow that focuses on the “Next action” for each contact. This award-winning proactive approach helps salespeople interact with contacts at just the right moment, which means they'll never drop the ball with a lead, prospect or customer again. The company is headquartered in Galway, Ireland with offices in the USA and Poland.