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§ Private Profile · 5 W 19th St, New York, NY 10011, US
OXIO is a company.
OXIO operates a Telecom-as-a-Service (TaaS) platform, unbundling mobile telecom infrastructure into a programmable layer. This platform allows brands, enterprises, and Mobile Virtual Network Operators (MVNOs) to develop and manage their own mobile services. It simplifies network access, accelerating innovation and enabling agile deployment of customized connectivity solutions.
Nicolas Girard co-founded OXIO in 2018, leveraging his extensive telecom experience, including his work with Aquto. He recognized traditional telecom structures as innovation barriers. OXIO was thus conceived to build an open, flexible mobile infrastructure, empowering businesses with direct control over their mobile offerings and fostering customized connectivity.
OXIO serves brands, enterprises, and MVNOs seeking to integrate and manage mobile connectivity, enabling creation of bespoke experiences. Its vision centers on transforming the global mobile network landscape. This is achieved by providing technology that underpins adaptable, innovation-driven mobile services, ultimately shaping the future of connected experiences.
OXIO has raised $78.1M across 5 funding rounds.
OXIO has raised $78.1M in total across 5 funding rounds.
OXIO is the world's first Telecom-as-a-Service (TaaS) platform, founded in 2018, enabling MVNOs, mobile operators, and businesses to launch customizable, branded mobile networks via a cloud-based, API-first solution.[1][2][3][4] It serves telecom carriers, brands, enterprises, and Web3 businesses by providing flexible, scalable connectivity that overlays multiple networks (LTE, WiFi, satellite) for seamless global coverage, solving legacy telecom constraints like high costs, slow innovation, and carrier lock-ins.[1][3][4] The platform offers tools for plan customization, user management, AI-powered insights, zero-rating apps, and business intelligence, driving growth through asset-light scaling and new revenue from embedded connectivity.[1][4]
OXIO was co-founded in 2018 by Nicolas Girard (CEO), a repeat telecom entrepreneur with patents in multi-carrier networking, who previously built Attila Technologies and co-founded Aquto (acquired by Mavenir in 2018 for sponsored data solutions).[1][3] Jason Evans serves as co-founder, with leadership including CTO Adil Belihomji, Chief Design Officer David Gavazzi, and executives from Verizon, Google Fi, AT&T, and Uber.[1] The idea emerged from Girard's expertise in dynamic network switching and carrier-brand collaborations, aiming to "financialize" mobile connectivity—the world's largest non-financialized commodity—via a global, blockchain-based exchange.[3] Early traction included a $3.5M seed led by Multicoin Capital in 2019, emerging from stealth with a $12M Series A in 2020 backed by monashees and Atlantico, followed by 2024 investment from F-Prime Capital.[2][3]
(Note: A separate Canadian ISP named Oxio, founded 2017 in Quebec City, is unrelated.[5])
OXIO rides the embedded connectivity trend, where telecom integrates into apps, Web3, and data-driven businesses, much like Twilio did for SMS, enabling brands to own customer relationships via direct API access to network capacity.[2][3][4] Timing aligns with 5G, edge computing, and IoT proliferation, plus legacy telco fragmentation, allowing OXIO to financialize mobile data through blockchain exchanges amid rising demand for programmable, global networks.[3] Market forces like MVNO growth and carrier wholesale optimization favor its model, influencing the ecosystem by empowering non-telcos (e.g., Uber-like firms) to innovate, reducing silos, and fostering open connectivity marketplaces.[1][2][3]
OXIO is positioned to dominate TaaS as 6G and AI-native networks emerge, expanding its blockchain exchange for global capacity trading and deepening Web3 integrations.[2][3] Trends like decentralized telecom, real-time analytics, and borderless plans will accelerate adoption, potentially evolving OXIO into the "Twilio of mobile networks" with massive scale via partnerships.[3][4] Its influence may grow by standardizing embedded connectivity, unlocking trillions in untapped mobile data value—reimagining telecom from rigid infrastructure to limitless, programmable service.[1][3]
OXIO has raised $78.1M in total across 5 funding rounds.
OXIO's investors include Ryan Navi, Canary Ventures, Jenny Fielding, Scott Hartley, monashees, Simon Borrero, Allan Green, Ascend, Julio Vasconcellos, Atlantico Capital, Digital Currency Group, FinTech Collective.
OXIO has raised $78.1M across 5 funding rounds. Most recently, it raised $40.0M Series B in March 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 1, 2022 | $40M Series B | Ryan Navi | Canary Ventures, Jenny Fielding, Scott Hartley, Monashees, Simon Borrero, Allan Green, Ascend, Julio Vasconcellos, Atlantico Capital, Digital Currency Group, FinTech Collective, Leyden, Lightshed Partners, Multicoin Capital, SEA | Announced |
| Jul 1, 2021 | $20M Series A | Xavier Niel | 2XN, Andreessen Horowitz, Atlantic Bridge, Grove Ventures, Index Ventures, Keshif Ventures, Khosla Ventures, Kima Ventures, Point Nine Capital, #secretfund, SNR, Telstra Ventures, Trajectory Ventures, Y Combinator, Marcus Bartram, Rami Lipman, Desjardins Capital, Dispatch Ventures, Investissement Québec, WndrCo | Announced |
| Jan 1, 2021 | $100K Seed | — | Ascend Venture Capital | Announced |
| Nov 1, 2020 | $13M Series A | Monashees, Atlantico Capital | Canary Ventures, Jenny Fielding, Scott Hartley, Simon Borrero, FinTech Collective, Multicoin Capital | Announced |
| Oct 1, 2019 | $5M Seed | — | CrunchFund, Electric Capital, Jehan CHU | Announced |