Braid Secures $38 Million Funding As Enterprises Explore Embedded Mobile Connectivity

The Hague, October 20, 2026:  Mobile connectivity is increasingly becoming part of the broader digital services offered by businesses, extending beyond traditional telecommunications subscriptions. Braid, a Netherlands-headquartered enterprise technology company, is developing infrastructure that allows brands to incorporate mobile connectivity into their existing products without operating their own telecommunications networks.

The company has raised $38 million in Series A funding led by Octopus Ventures, with participation from KPN Ventures, the strategic investment arm of Dutch telecommunications operator KPN.

Launched in 2023, Braid has not previously raised external capital. The company reports being profitable and cash-flow positive, with close to 90 enterprise customers, including major global fintech and travel brands.

The funding will support international expansion, additional carrier relationships and continued development of its embedded connectivity infrastructure.

Reducing barriers to enterprise connectivity

For businesses seeking to introduce mobile services, conventional telecommunications arrangements can involve procurement procedures, regulatory filings and carrier negotiations lasting three to six months.

Braid's platform seeks to simplify these requirements by providing access to more than 600 carriers across over 200 countries through a single application programming interface (API).

Enterprises can incorporate SIM and eSIM connectivity into existing applications using APIs or software development kits (SDKs). Businesses can also establish fully branded connectivity storefronts without dedicated engineering development.

According to Braid, a live trial can begin within three minutes, while a branded mobile connectivity offering can be launched in as little as one week.

The company operates as an infrastructure provider, allowing enterprises to introduce connectivity under their own brands without becoming telecommunications operators.

A changing approach to customer services

The model has potential applications across industries where businesses maintain ongoing relationships with customers.

Travel companies can integrate connectivity into flight bookings, enabling customers to access mobile services during international journeys. Banks can incorporate connectivity into reward programmes, while sports organisations can offer services to supporters travelling abroad.

These arrangements could allow enterprises to develop additional revenue opportunities while retaining control over customer-facing services.

Jignesh Dave, Founder and CEO of Braid, said: “I spent 18 months and half a million euros just to sell my first SIM card, and that is why Braid exists. After seven years running a mobile virtual network, I realised we weren’t really selling SIM cards. We had built the infrastructure that makes connectivity accessible to everyone. Amazon built AWS to power its own business and found it could power everyone else’s, and it was the same for us. Today a business can start in three minutes. And when brands make connectivity part of their customer experience, they unlock something far more valuable: stronger relationships, greater loyalty and new revenue.”

Building on industry experience

Before establishing Braid, Dave worked in banking across the United Kingdom and South Africa, including at Lloyds. He subsequently founded and operated a mobile virtual network operator for seven years.

Reinout van Ierschot, Executive Vice President of Wholesale at KPN, said the platform enables enterprises to integrate connectivity through a single API, reducing complexity and accelerating time to market.

Formerly known as Next Communications, Braid is headquartered in The Hague. The company intends to use the investment to expand internationally, strengthen its carrier network and further develop its enterprise connectivity infrastructure.

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