Twilio has raised a $17 million Series C round of funding from returning investors Bessemer Venture Partners and Union Square Ventures.
Twilio is based in Silicon Valley with technology allowing developers to build telephony and messaging into their applications.
The Twilio Fund is a micro-fund that was started by 500 Startups and SV Angel in
September of 2010 to invest one quarter of a million dollars of seed capital into Twilio-
powered startups. Since the launch of Twilio Fund, ten companies received funding including Callyo, FastCall411, KnockKnock, Magnolia Prime, Order Mapper, Proven, Qwipd, Textaurant, Voicendo, and Volta.