About BridgePort Networks
BridgePort Networks is a company based in Chicago (United States) founded in 2002 was acquired by CounterPath in February 2008.. BridgePort Networks has raised $38 million across 2 funding rounds from investors including BCE, CounterPath and Birch Hill Equity Partners. BridgePort Networks operates in a competitive market with competitors including Dialpad, RingCentral, Skype, Fuze and Simpplr, among others.
- Headquarter Chicago, United States
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Sectors
Telecommunications
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$38 M (USD)
in 2 rounds
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Latest Funding Round
$13 M (USD), Series B
Nov 06, 2006
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Investors
BCE
& 4 more
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Employee Count
Employee Count
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Acquired by
CounterPath
(Feb 05, 2008)
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Funding Insights of BridgePort Networks
BridgePort Networks has successfully raised a total of $38M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $13 million completed in November 2006. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $13.0M
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First Round
First Round
(24 Sep 2004)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2006 | Amount | Series B - BridgePort Networks | Valuation |
investors |
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| Sep, 2004 | Amount | Series B - BridgePort Networks | Valuation | Birch Hill Equity Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in BridgePort Networks
BridgePort Networks has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include BCE, CounterPath and Birch Hill Equity Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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US focused venture capital firm
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Founded Year | Domain | Location | |
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Private equity investments are directed toward growth-stage companies across sectors.
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Founded Year | Domain | Location | |
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Investment and transformation services for entrepreneurs in technology and finance sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by BridgePort Networks
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - BridgePort Networks
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bridgeport Networks Comparisons
Competitors of BridgePort Networks
BridgePort Networks operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Dialpad, RingCentral, Skype, Fuze and Simpplr, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based unified communication solutions including voice and video are provided.
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| domain | founded_year | HQ Location |
Cloud-based unified communication solutions are offered to diverse sectors.
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| domain | founded_year | HQ Location |
VoIP software for internet video chats and calls is offered.
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| domain | founded_year | HQ Location |
Fuze, under 8x8, Inc., is recognized for providing cloud-based communication and customer experience solutions.
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| domain | founded_year | HQ Location |
An AI platform is utilized for connecting employees across organizations.
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| domain | founded_year | HQ Location |
SoftSwitch and VOIP solutions are provided for cloud-based communication networks.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about BridgePort Networks
When was BridgePort Networks founded?
BridgePort Networks was founded in 2002 and raised its 1st funding round 2 years after it was founded.
Where is BridgePort Networks located?
BridgePort Networks is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Is BridgePort Networks a funded company?
BridgePort Networks is a funded company, having raised a total of $38M across 2 funding rounds to date. The company's 1st funding round was a Series B of $25M, raised on Sep 24, 2004.
What does BridgePort Networks do?
Mobile VoIP applications and solutions provider. The platform offers solutions to telecom operators, enterprise sectors, and other service providers. Its core product portfolio includes NomadicONE - extends identity phone number services over multiple access networks, including mobile, cable, DSL, Wi-Fi, and other broadband networks with multiple features including powerful or mobile convergence capabilities, serving or mobile switching center, presence server, and more, NomadicONE IMS Convergence Server - builds on NomadicONE Network Convergence Gateway architecture and integrates new functionality interfaces required to operate in emerging IMS networks with multiple features include low-risk evolution to IMS based risk architecture, IMS functionality, and IMS-compliant features. It offers Dual-mode Handover, mobile business, mobile IP-Centrex, and mobile IP-PBX applications, which are designed to be used and integrated with users applications for communications.
Who are the top competitors of BridgePort Networks?
BridgePort Networks's top competitors include Agora, Dialpad and RingCentral.
Who are BridgePort Networks's investors?
BridgePort Networks has 5 investors. Key investors include BCE, CounterPath, Birch Hill Equity Partners, Polaris Partners, and General Catalyst.