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Gigs has raised $95.7M across 3 funding rounds.
Key people at Gigs.
Gigs was founded in 2020 by Hermann Frank (Co-founder, CEO ) and Dennis Bauer (Founder).
Gigs has raised $95.7M in total across 3 funding rounds.
San Francisco, California-based Gigs operates a telecom-as-a-service platform that enables technology companies to launch and manage their own branded mobile services through application programming interfaces. The company provides the underlying infrastructure for network connectivity, billing, and subscription management, allowing enterprises to embed mobile phone plans and data offerings directly into their existing digital products. Gigs partners with major telecommunications networks like AT&T to power mobile services for global enterprise customers, including prominent financial technology companies such as Klarna and Nubank. Backed by institutional investors including Ribbit Capital and Y Combinator, the organization currently maintains a workforce of 90 employees across five international office locations and is actively recruiting for two open roles in engineering and operations. The telecommunications software company Gigs was officially founded in the year 2020 by co-founders Hermann Frank and Dennis Bauer.
Gigs has raised $95.7M across 3 funding rounds. Most recently, it raised $73.0M Series B in December 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Dec 1, 2024 | $73M Series B | Ribbit Capital | ALT Capital, Cathay Innovation, Emergence Capital, General Catalyst, Gradient Ventures, Mosaic Ventures, Sommet AB, Speedinvest, Streamlined Ventures, Adrian Aoun, Anna Alex, Benedikt Franke, Tobias Lutke | Announced |
| May 2, 2023 | $2.7M Pre Seed | Austin Clements | Wonder Ventures | Announced |
| Apr 1, 2022 | $20M Series A | Gradient | Kevin Hartz, B Capital Group, BoxGroup, Cathay Innovation, Electric Capital, Founders Fund, General Catalyst, Gradient Ventures, Lightspeed Venture Partners, Mosaic Ventures, Picus Capital, Point Nine Capital, Quantum Angels Venture Capital, Sommet AB, Speedinvest, Streamlined Ventures, Susa Ventures, Vouch Insurance, Adrian Aoun, Anna Alex, Benedikt Franke, Chad Nitschke, Eric WU, Evan Moore, Michael WAX, Peter Reinhardt | Announced |
Key people at Gigs.
Gigs was founded in 2020 by Hermann Frank (Co-founder, CEO ) and Dennis Bauer (Founder).
Gigs has raised $95.7M in total across 3 funding rounds.
Gigs's investors include Ribbit Capital, Alt Capital, Cathay Innovation, Emergence Capital, General Catalyst, Gradient Ventures, Mosaic Ventures, Sommet AB, Speedinvest, Streamlined Ventures, Adrian Aoun, Anna Alex.
Gigs is a telecom-as-a-service startup often described as the "Stripe for phone plans." It provides a unified API platform that enables any company—such as fintechs, HR platforms, or hardware OEMs—to launch and sell fully customizable mobile phone and data plans globally under their own brand. By aggregating telecom operators’ APIs and buying network capacity in bulk, Gigs simplifies and drastically reduces the time, cost, and complexity of offering mobile connectivity, allowing businesses to embed phone plans seamlessly into their products or services. This unlocks new recurring revenue streams and operational efficiencies for companies that previously faced high barriers to becoming mobile virtual network operators (MVNOs)[1][2][3][4].
Founded in 2020 and admitted to Y Combinator in 2021, Gigs was co-founded by CEO Hermann Frank and a team with backgrounds from companies like Stripe, Airbnb, and Shopify. The idea emerged from the recognition that launching mobile services was prohibitively complex and expensive for most businesses due to fragmented telecom infrastructure and regulatory hurdles. Gigs’ founders aimed to create an operating system for mobile services that automates provisioning, billing, and compliance, enabling companies to launch branded phone plans within days rather than months. Early traction included partnerships with major U.S. carriers like AT&T and T-Mobile and rapid growth fueled by demand from fintechs, HR tech, and device makers[3][5].
Gigs rides the growing trend of embedded connectivity and the rise of MVNOs, enabling non-telecom companies to offer mobile services as part of their product ecosystems. This trend aligns with increasing demand for seamless digital experiences, IoT device connectivity, and flexible telecom solutions tailored to specific verticals like fintech, HR, and hardware. The timing is critical as eSIM adoption grows and businesses seek new monetization avenues through subscription models. By lowering barriers to entry, Gigs accelerates innovation in telecom services, expands competition, and helps diversify the mobile ecosystem beyond traditional carriers[1][2][5].
Looking ahead, Gigs is poised to expand its global network partnerships and enhance its platform with AI-driven tools, such as its 2023 AI product "Operator," which aims to reduce MVNO customer support overhead by up to 95%. As embedded connectivity becomes a standard feature in digital products, Gigs’ influence will likely grow, enabling more companies to become mobile providers and innovate in telecom offerings. Trends like 5G, IoT proliferation, and increasing demand for flexible, branded connectivity solutions will shape Gigs’ trajectory, potentially positioning it as the foundational telecom infrastructure for the next generation of digital services[8]. This evolution ties back to Gigs’ mission to democratize mobile connectivity and make telecom as easy to embed as payments or cloud hosting.
