Gigs secures $73 million in funding to help tech companies launch their own mobile services

The telecom industry has long been closed off to new players, with high entry barriers keeping innovators at bay. For years, new entrants had to endure lengthy commercial negotiations with carriers and commit significant engineering resources to untangle a fragmented web of outdated systems. Engineers struggled with unstable APIs that felt like relics from the early 2000s, just to access a single market. On top of these operational headaches, businesses had to invest over $100 million upfront to secure competitive rates and network priority, often before even signing up their first customer. This hefty cost structure stifled scalability and slashed margins.

Even companies that managed to break through faced bureaucratic bottlenecks and rigid processes, making it hard to adapt or improve their services over time. International expansion presented yet another mountain to climb, requiring a fresh round of negotiations and technical groundwork for each carrier. Unlike the seamless infrastructure available for hosting or payments, telecom remained a labyrinth of inefficiency, leaving the broader internet economy without the tools to connect to the global telecom grid. Now, one tech startup has stepped up to redefine access to mobile services.

Enter Gigs, a Silicon Valley startup that is changing the game by making mobile service accessible to tech companies in a way that’s fast and cost-effective. The company’s platform allows businesses to launch their own mobile services on premium networks across the globe in just weeks, eliminating the need for large engineering teams or managing multiple vendors.

$73 Million in Series B Funding

Today, Gigs announced it has secured $73 million in a Series B funding round led by Ribbit Capital, with participation from Google’s Gradient, Y Combinator, and Speedinvest. This investment will enable the company to expand its geographic reach and enhance its offerings, helping more tech companies embed telecom services into their products and tap into recurring revenue opportunities.

Hermann Frank, co-founder and CEO of Gigs, puts it simply: “We believe that getting a phone plan should be as easy as ordering an Uber, not as complicated as leasing a car. High barriers to entry have kept innovation out of telecom for too long. Gigs breaks down these hurdles, empowering the world’s leading product companies to bring innovation to their users.”

Gigs’ all-in-one solution includes wholesale connectivity, an intuitive API, hosted checkout, multi-currency payment options, a tax engine, analytics tools, subscription management, and AI-driven customer support. By drastically cutting operational costs and reducing time to market, Gigs makes it easy for tech brands to integrate mobile services directly into their products, offering users a seamless experience.

Jordan Angelos, General Partner at Ribbit Capital, highlighted the potential: “Gigs is seizing a once-in-a-decade opportunity to revolutionize the $1T+ annual mobile subscription market. By empowering innovators to digitize and improve customer experiences, Gigs is transforming phone plans into the ultimate superglue for consumer services.”

Driving Growth for Tech Companies

Since its founding in 2020, Gigs has rapidly grown into one of the leading B2B companies in its sector, with significant increases in recurring revenue. Brands like Nubank and Wealthsimple are using Gigs’ platform to integrate phone plans into their offerings, creating smoother, more integrated user experiences. The company’s upcoming product launches and major customer announcements in 2025 are set to draw even more tech companies to its platform.

Dennis Bauer, co-founder and President at Gigs, shared his perspective: “Leading tech brands with large, highly engaged audiences are using Gigs to deliver unique product experiences. We’re excited to see how our platform continues to empower innovation across industries.”

Founded in 2020 by Hermann Frank and Dennis Bauer, Gigs provides an end-to-end platform for tech companies to embed mobile connectivity into their services quickly and efficiently. The platform handles everything from connectivity and billing to AI-powered customer support, making it easier than ever for companies to launch multi-market mobile services. Backed by Ribbit Capital, Google, Y Combinator, Speedinvest, and others, Gigs is reshaping the telecom landscape.

Ribbit Capital, known for its investments in fintech, partners with entrepreneurs who aim to disrupt traditional industries. Its portfolio includes notable names like Coinbase, Nubank, and Revolut, showcasing its focus on transformative innovation.

Gigs is proving that telecom doesn’t have to be a closed-off industry. With the right tools, tech companies can turn connectivity into a strategic advantage, offering better experiences and more value to their customers.