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 FastCall411, KnockKnock, Magnolia Prime, Order Mapper, Proven, Qwipd, Textaurant, Voicendo, and Volta.
At the first annual Twilio Conference this year, nine companies competed on stage in front of 600 people for a chance to win one of two final investments from the first Twilio Fund. Dave McClure, Founding Partner of 500 Startups, recognizes Twilio’s mission to empower people to do heroic things with communications, “TwilioCon is the perfectplace to showcase Twilio-powered startups, who are building a new class of next generation communications applications for business. With Twilio Fund, 500 Startups is getting in early on companies built on the most compelling developer platform since Facebook.” Twilio Fund announced a $50,000 investment in cloud phone support software company Talkdesk and a $10,000 investment in mobile engagement platform Mobonics. Brett Kopf of Remind 101 won an Apple iPhone 4s for the People’s Choice award. Check out the video below of Twilio Fund pitches from Remind 101, TeenDriver, CallMeMeeting, BlueFusion, TalkDesk, Mobonics, FastCall411, Proven, and Volta.