OXIO

OXIO is a company.

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Updated: Dec 9, 2025 ·

Recent News & Mentions

Mar 1, 2022FundingOXIO - Series B Jul 1, 2021FundingOXIO - Series A Jan 1, 2021FundingOXIO - Seed Nov 1, 2020FundingOXIO - Series A Oct 1, 2019FundingOXIO - Seed

Financial History

OXIO has raised $78.1M across 5 funding rounds. Most recently, it raised $40.0M Series B in March 2022.

Total Raised

$78.1M

Valuation

N/A

Funding Rounds Raised

Date	Round	Other Investors
Mar 1, 2022	$40.0M Series B	Canary Ventures, Jenny Fielding, Scott Hartley, monashees, Simon Borrero
Jul 1, 2021	$20.0M Series A	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
Jan 1, 2021	$100K Seed	Ascend Venture Capital
Nov 1, 2020	$13.0M Series A	Canary Ventures, Jenny Fielding, Scott Hartley, monashees, Simon Borrero
Oct 1, 2019	$5.0M Seed	CrunchFund, Electric Capital, Jehan Chu

Financial History

OXIO has raised $78.1M across 5 funding rounds.

Total Raised

$78.1M

Valuation

N/A

Deep Dive

High-Level Overview

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]

Origin Story

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])

Core Differentiators

API-First, Cloud-Based Core: Enables programmatic launch of branded MVNOs (BrandVNO™) without telecom expertise, abstracting complexity for rapid customization of plans, promotions, and user management.[1][3][4]
Multi-Network Orchestration: Dynamically blends LTE, WiFi, satellite for optimal coverage across borders, avoiding carrier lock-ins and ensuring seamless experiences.[1][3][4]
AI and Business Intelligence: Provides insights into user behaviors for monetization, proactive service, and "magic moments" in customer journeys, plus zero-rating and rewards.[1][4]
Asset-Light Scalability: Managed compliance, security, and carrier contracts lower costs and speed time-to-market for MVNOs and enterprises, especially in Web3.[2][4]
Embedded Connectivity Focus: Unlocks customer data and new models like financialized mobile capacity trading on blockchain.[2][3]

Role in the Broader Tech Landscape

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]

Quick Take & Future Outlook

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]

Sources

Frequently Asked Questions

How much funding has OXIO raised?

OXIO has raised $78.1M in total across 5 funding rounds.

Who are OXIO's investors?

OXIO's investors include Canary Ventures, Jenny Fielding, Scott Hartley, monashees, Simon Borrero, 2xN, Andreessen Horowitz, Atlantic Bridge, Grove Ventures, Index Ventures, Keshif Ventures, Khosla Ventures.