Connectivity startup Braid raises $38M to keep businesses online

What's the deal? Mobile connectivity developer BraidDealroom has a profile for this one. Try Dealroom → has raised a $38 million Series A round led by Octopus Ventures, chief executive officer Jignesh Dave told Axios Pro. The company builds technology to keep businesses connected, particularly during travel.

Why it matters? Customers losing connectivity can cost businesses revenue. "Customers losing connectivity — especially during travel — can cause businesses to lose revenue," Axios Pro noted of the stakes Braid is addressing.

Why now? The round lands amid rising investment in eSIM-based connectivity. eSIM GoDealroom has a profile for this one. Try Dealroom → secured strategic backing in May to expand its B2B and MVNO platform, and Roamless raised $12 million in late 2025.

What could go wrong? The market is getting crowded. Established apps are now embedding eSIM services, pushing the opportunity beyond travel-only brands — so Braid's success will hinge on whether it can differentiate and win customers.

The signal: Braid's raise marks a sizable bet on connectivity as business infrastructure, not just a travel add-on. As more digital platforms fold eSIM services into their products, investors are treating always-on connectivity as a category worth backing at scale.

Read more: Axios

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