About Brightspeed
Brightspeed is a Telecommunications company based in Charlotte (United States) founded in 2008 by Tom Maguire, Chris Creager, and Robert Mudge. It operates as a provider of internet, telephone, and television services for residential business sectors. Brightspeed has raised $500 million across 1 funding round from investors including Apollo Global Management and Mubadala. Brightspeed has completed 1 acquisition, including Embarq. Its chief executive is Tom Maguire. Its website brightspeed.com draws about 2.6 million monthly visits. Brightspeed offers products and services including Fiber Internet 2 Gig, Fiber Internet 1 Gig, Fiber Internet 300 Mbps, and Digital Voice. Its focus areas include Telecom, Telecom Operators and Cellular. Its legal entity is Connect Holding LLC. Its competitors include Jio, MTN, Airtel, Proximus Group and AT&T and 3 more; 4 of its 8 listed competitors have raised funding.
Company details
Brightspeed, backed by 500000000.0 from Mubadala, Apollo Global Management, focuses on telecom, telecom operators, and cellular. Provider of internet, telephone, and television services for residential business sectors. Driving innovation, growth, and excellence in its industry sectors. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Charlotte, United States
- Founders Tom Maguire, Chris Creager, Robert Mudge
- SectorsTelecommunications
- Website category Finance
- Website brightspeed.com
- Social LinkedIn Facebook Instagram
- Legal Name Connect Holding Llc
- Total Equity Funding$500M (USD)
in 1 rounds
- Latest Funding Round$500M (USD), Private Equity Round
May 2023
- InvestorsApollo Global Management
& 1 more
- Investments & Acquisitions
Products & Services of Brightspeed
Brightspeed offers a comprehensive portfolio of products and services, including Fiber Internet 2 Gig, Fiber Internet 1 Gig, Fiber Internet 300 Mbps, and Digital Voice.
High-speed plan for streaming and gaming with 2 Gbps speeds.
Ultrafast plan supporting multiple devices and 4K streaming.
Affordable option for everyday browsing and HD streaming.
Voice service integrated with internet for reliable calls.
Funding Insights of Brightspeed
Brightspeed has successfully raised a total of $500M through 1 strategic funding round. The most recent funding activity was a Private Equity Round of $500 million completed in May 2023. 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 $500M
- Total Rounds 1
- Last Round Private Equity Round — $500M
- First Round $500M
(May 2023)
- Investors Count 2
All 1 funding rounds of Brightspeed with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2023 | $500M | Private Equity Round | – | – |
2 investors in total: 2 institutional.
Investors in Brightspeed
Brightspeed has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Apollo Global Management and Mubadala.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Buyouts are targeted through private equity investments by the firm. | 1990 | apollo.com | New York, United States | |
Sovereign wealth fund of United Arab Emirates | 2002 | mubadala.com | Abu Dhabi, United Arab Emirates |
Investor details for Brightspeed
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People of Brightspeed
418 people are tracked at Brightspeed (114 in leadership, 304 in team).
| Name | Role | Group |
|---|---|---|
Tom Maguire | Co-Founder & CEO | Leadership |
Chris Creager | Co-Founder | Leadership |
Robert Mudge | Co-Founder | Leadership |
Brian Fanciulli | Sr. Director, Operations Control Centers | Leadership |
Demetra Nicolakakis Santos | Vice President Fiber Communities & Eng Systems Support | Leadership |
Gary Loyd | Director Of Region Operations | Leadership |
Cindy Shivers | Director, Operations - Performance Assurance | Leadership |
Raymond Kuterka | Vice President Operations | Leadership |
Eric Caruana | Sr. Director Of Sales, Service, And Technical Support | Leadership |
Leah Schuermann Thornton | Vice President And Head Of Customer Experience | Leadership |
Dana Liston | Director IT Transformation Operations | Leadership |
Greg Williams | Director Of HR Information Systems | Leadership |
Kim Johns | VP Operations Control Centers | Leadership |
Sree Charan Dusi | Program Director-technology Solutions-engineering, Network & Field | Leadership |
Jacky Wu | Board & President Of Brightspeed - Operations, Finance, Strategy And Technology | Leadership |
Brian Bond | CTO | Leadership |
Dalton Curry | Director Of Product Development | Leadership |
Shankar V. | Senior Director - Information Technology (digital And Omni Channels) | Leadership |
Megan Orf | Director, Sales, Contracts, Territory Management | Leadership |
Vidit Mathur | Director Of IT | Leadership |
398 more people are available in the full profile.
Complete people profiles for Brightspeed
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Investments & Acquisitions by Brightspeed
Brightspeed has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Embarq.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Home & Business Internet, Phone solution provider | embarq.com | Monroe, United States | 2006 | Sep 2022 | •••• |
Complete acquisition details for Brightspeed
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Timeline of Brightspeed
3 dated milestones of Brightspeed across 15 years, from founding to its latest funding, stage changes and deals.
- Founded Brightspeed is founded.
- Acquisition Acquires Embarq.
- Funding First funding round of $500.0M.
Competitors of Brightspeed
Brightspeed has 8 listed competitors in our database, 4 of them funded. They include Jio, MTN, Airtel, Proximus Group and AT&T, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| jio.com | 2010 | Navi Mumbai, India | $20.11B | 63,923 | Provider of telecommunication services | |
| mtn.com | 1994 | Johannesburg, South Africa | $7.05M | 18,931 | MTN Group is recognized as a leading telecommunications provider in Africa. | |
| airtel.in | 1995 | Gurugram, India | – | – | Airtel is recognized as a provider of telecommunications and internet services. | |
| proximus.com | 1994 | Brussels, Belgium | – | 11,634 | Telephony, internet, television, and network-based ICT services are provided. | |
| att.com | 1876 | Dallas, United States | – | 144,811 | Mobile internet, TV, and telecommunication services are provided. | |
| optus.com.au | 1981 | North Ryde, Australia | $19.72M | – | Mobile internet services are provided for homes and offices. | |
| dna.fi | 1999 | Helsinki, Finland | $188.17M | – | Integrated telecommunication and TV services are provided across Finland. | |
| telecomitalia.com | 1994 | Rome, Italy | – | 59,429 | Integrated telecom service provider |
Detailed competitors of Brightspeed
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- Full competitor set
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Web traffic of Brightspeed
The website of Brightspeed (brightspeed.com) receives about 2.6M visits a month and ranks #19,163 among all websites worldwide, #1,228 in Finance.
- Monthly visits2.6M
▼ 11.3% vs previous month
- Unique visitors1.1M
per month
- Global rank#19,163
among all websites
- Category rank#1,228
Finance · Finance
- Bounce rate51%
- Pages per visit3.3
- Average visit2 min 51 sec
- DevicesDesktop 13% · Mobile 87%
Websites whose visitors overlap most with Brightspeed. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| tripleplay.in | 100% | 48.7K | #595,747 | View details | |
tmo.report | tmo.report | 100% | – | #364,081 | – |
| wellsfargo.com | 97% | 104.9M | #241 | View details | |
| citi.com | 96% | 138.9M | #349 | View details | |
| bankofamerica.com | 94% | 113.9M | #258 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Brightspeed
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- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Top companies in Telecom Operators
10 companies that operate in the same segment as Brightspeed (Telecom Operators), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
MTN Group is recognized as a leading telecommunications provider in Africa. | 1994 | Johannesburg, Gauteng, South Africa | USD 7.05 M | USD 13.7 B | – | |
Global telecommunications company | 1995 | Delhi, Delhi, India | USD 292 M | USD 4.86 B | 4,250 | |
Telephony, internet, television, and network-based ICT services are provided. | 1994 | Brussels, Brussels-capital Region, Belgium | – | USD 7.08 B | 11,634 | |
Mobile telecommunications, internet, and energy services are provided globally. | 1981 | Tokyo, Tokyo, Japan | USD 8.99 M | USD 44.14 B | 74,952 | |
Mobile internet, TV, and telecommunication services are provided. | 1876 | Dallas, Texas, United States | – | USD 125.65 B | 140,990 | |
Mobile internet services are provided for homes and offices. | 1981 | North Ryde, New South Wales, Australia | USD 19.72 M | – | – | |
Sky is recognized as a provider of TV, broadband, and mobile services. | 1990 | Isleworth, England, United Kingdom | – | – | 31,000 | |
Mobile and fixed-line telecommunication services are provided across Europe. | 1989 | The Hague, South Holland, Netherlands | – | USD 6.82 B | 9,660 | |
Provider of integrated telecommunication services | 1984 | Seoul, South Korea | – | USD 11.84 B | 5,490 | |
Integrated telecom and IPTV services are provided to Canadian customers. | 1874 | Vancouver, British Columbia, Canada | – | USD 14.86 B | 106,800 |
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Related news about Brightspeed
Complete news archive for Brightspeed
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Frequently Asked Questions about Brightspeed
Brightspeed was founded in 2008 and raised its 1st funding round 15 years after it was founded.
Brightspeed is headquartered in Charlotte, United States. It is registered at Charlotte, North Carolina, United States.
Tom Maguire is the current CEO of Brightspeed. They have also founded this company.
Brightspeed is a funded company, having raised a total of $500M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $500M, raised on May 2023.
Brightspeed, backed by 500000000.0 from Mubadala, Apollo Global Management, focuses on telecom, telecom operators, and cellular. Provider of internet, telephone, and television services for residential business sectors. Driving innovation, growth, and excellence in its industry sectors. It continues to evolve, meeting industry challenges with strategic approaches.
Brightspeed's top competitors include MTN, Proximus Group and AT&T.
Brightspeed offers Fiber Internet 2 Gig, Fiber Internet 1 Gig, Fiber Internet 300 Mbps, and Digital Voice.
Brightspeed has made 1 acquisition, including Embarq.
Brightspeed has 2 investors. Key investors include Apollo Global Management, and Mubadala.
Brightspeed operates through Connect Holding Llc.
The website of Brightspeed receives about 2.6 million visits a month and ranks #19,163 among all websites worldwide.