Octopus Ventures leads $38 million Series A in Braid
In short
Octopus Ventures and KPN Ventures put $38 million into Braid in a Series A round. Braid is based in the Netherlands, started in 2023, and says it already has nearly 90 enterprise customers.
The money is meant to help Braid expand abroad and build more partnerships. The report does not say the company’s valuation or exactly when the deal closes.
What the reporting says
London-based venture capital firm Octopus Ventures, with KPN Ventures, invested $38 million in Netherlands-based enterprise connectivity platform Braid in a Series A round, according to a publisher-supplied summary. Braid said it was launched in 2023, is profitable and cash-flow positive, and has nearly 90 enterprise customers. The company plans to use the funds for international expansion, carrier partnerships, and product development, but the reporting does not give a completion date or valuation.
Why it matters
Octopus Ventures led a $38 million Series A investment in Netherlands-based enterprise connectivity platform Braid, alongside KPN Ventures, according to the publisher summary. Braid said it is profitable, cash-flow positive, and serves nearly 90 enterprise customers. The funding is intended to speed international expansion, strengthen carrier partnerships, and support product development, but the valuation and closing details were not stated.