Gigs, a company that provides an operating system for mobile services, has raised $73m in a Series B funding round led by Ribbit Capital.
Existing investors, including Google’s Gradient Ventures, Y Combinator, and Speedinvest, also participated in this latest investment round.
The funding solidifies Gigs’ position as a leader in enabling tech companies to embed mobile services into their offerings. Since its founding in 2020, Gigs has been on a mission to democratise the telecom industry, making it accessible for companies to integrate mobile connectivity seamlessly and efficiently into their products.
Gigs offers a comprehensive platform that empowers tech companies to launch their own mobile services across global premium networks within weeks. The solution eliminates the challenges traditionally faced by businesses entering the telecom space, such as navigating fragmented vendor systems, dealing with inconsistent APIs, or committing substantial upfront capital to secure network rates. By bundling services like connectivity, billing, analytics, and AI-powered customer support, Gigs simplifies the process for tech brands to provide phone plans and travel data as part of their core services.
The new funding will be used to expand Gigs’ geographical presence and enhance its suite of products and services. The company aims to drive further innovation in telecom, enabling tech brands to create customised digital mobile experiences, increase customer engagement, and unlock new recurring revenue streams.
Hermann Frank, co-founder and CEO at Gigs, stated, “We believe that getting a phone plan should be as easy as ordering an Uber, not as complicated as leasing a car at a dealership. The truth, however, is that phone plans are stuck in the past: analog, uniform, and, frankly, unloved. Extremely high barriers to entry have kept innovation out of the industry for too long.
“Now, the world’s leading product companies can bring this innovation to their users. Gigs breaks down these hurdles by empowering any tech company to distribute phone plans directly through their apps, transforming connectivity from a standalone commodity into a core, customizable feature of every digital product experience. Ribbit has a proven track record of upending markets burdened by incumbent lethargy. We were impressed by the team’s vision so when the offer came to lead our Series B, it felt very natural to lean in.”
Jordan Angelos, general partner at Ribbit Capital, highlighted the scale of the opportunity, saying, “Mobile connectivity, like banking, is one of the most widely used consumer services globally. Yet, it consistently ranks among the lowest in customer satisfaction. Gigs is seizing a once-in-a-decade opportunity to revolutionize the $1T+ annual mobile subscription market, empowering innovators and trusted brands to digitize and enhance customer experiences, with phone plans serving as the ultimate superglue. We are impressed by the team’s vision, execution, and global momentum, and we’re excited to partner with them on this journey.”
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