Braid Raises $38 Million to Expand Embedded Connectivity Internationally

What changed

Braid has raised $38 million in Series A funding led by Octopus Ventures, with participation from KPN Ventures, the investment arm of Dutch telecom operator KPN. It is the company’s first external funding round since launching in 2023.

Braid says it is already profitable and cash-flow positive, serving nearly 90 enterprise customers. Its platform connects businesses to more than 600 carriers across over 200 countries, allowing them to offer branded SIM and eSIM services through APIs and software development kits.

Why it matters

Braid is selling the plumbing behind mobile connectivity, not another consumer phone plan. A travel company could add connectivity to a flight booking. A financial institution could include it in a rewards programme. A sports organisation could offer it to supporters travelling abroad.

That matters because connectivity has traditionally required months of procurement, regulatory work and carrier negotiations. Braid says businesses can start a live trial in three minutes and launch a branded service in as little as one week.

The new money will go toward international expansion, stronger carrier relationships and further development of Braid’s embedded-connectivity infrastructure. The company’s challenge is now less about proving that the platform works and more about scaling that promise across a wider network without losing the speed that makes it attractive.

Braid, formerly known as Next Communications, is headquartered in The Hague. Its valuation, revenue and specific expansion targets were not disclosed.