About ConnectM
ConnectM is a company based in Marlborough (United States) founded in 2007.. ConnectM has raised $12.08 million across 3 funding rounds from investors including Chiratae Ventures. The company has 158 employees as of December 31, 2024. ConnectM has completed 7 acquisitions, including Cambridge Energy Resources, DeliveryCircle and Ecovent Systems. ConnectM offers products and services including Energy Intelligence Network, IoT Platform, Digital Platform, and Last Mile Delivery Software. ConnectM operates in a competitive market with competitors including ecobee, Eneco, BuildOps, Swell Energy and Genea, among others.
- Headquarter Marlborough, United States
- Employees 158 as on 31 Dec, 2024
- Stage Public
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Sectors
Business ServicesEnergy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Connectm Technology Solutions, Inc.
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Annual Revenue
$22.65 M13.42as on Dec 31, 2024
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Net Profit
$-22.57 M-146.63as on Dec 31, 2024
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EBITDA
$-8.28 M-30.65as on Dec 31, 2024
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Total Equity Funding
$12.08 M (USD)
in 3 rounds
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Latest Funding Round
$2.09 M (USD), Series A
Mar 01, 2022
- Investors
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Employee Count
158
as on Dec 31, 2024
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Investments & Acquisitions
Cambridge Energy Resources
& 6 more
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IPO & Listings of ConnectM
ConnectM is a publicly listed company on the OTC with ticker symbol CNTM in USA, operating in the Industrial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of ConnectM
ConnectM offers a comprehensive portfolio of products and services, including Energy Intelligence Network, IoT Platform, Digital Platform, and Last Mile Delivery Software. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Aggregates real-time data for energy optimization and efficiency.
Manages connected operations for transportation and logistics.
Automates back-office functions for residential energy solutions.
Facilitates efficient B2B transport of heavy goods.
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Funding Insights of ConnectM
ConnectM has successfully raised a total of $12.08M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $2.09 million completed in March 2022. 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 3
- Last Round Series A — $2.1M
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First Round
First Round
(27 Jun 2007)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Series A - ConnectM | Valuation |
investors |
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| Dec, 2020 | Amount | Series A - ConnectM | Valuation |
investors |
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| Jun, 2007 | Amount | Series A - ConnectM | Valuation | Chiratae Ventures |
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| 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 ConnectM
ConnectM has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Chiratae Ventures. 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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Venture capital fund focused on seed-stage startups
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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 ConnectM
ConnectM has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include Cambridge Energy Resources, DeliveryCircle and Ecovent Systems. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Wireless communication technology company that specializes in deploying large-scale IoT networks
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2021 | ||||
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Delivery and shopping services are provided from local businesses.
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2013 | ||||
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Develops a connected air vent system that allows residents to create various temperature zones within a home
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2013 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - ConnectM
| 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 |
Connectm Comparisons
Competitors of ConnectM
ConnectM 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 ecobee, Eneco, BuildOps, Swell Energy and Genea, 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 |
Provider of smart thermostats for commercial and residential applications
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| domain | founded_year | HQ Location |
Producer and supplier of natural gas, electricity, and heat
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| domain | founded_year | HQ Location |
Software for facility management and commercial contractors is delivered.
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| domain | founded_year | HQ Location |
Reseller and installer of energy storage devices
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| domain | founded_year | HQ Location |
Submeter billing and overtime HVAC management services are provided.
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| domain | founded_year | HQ Location |
Provider of cloud-enabled property automation and access control solutions
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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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Latest news on Connectm
Frequently Asked Questions about ConnectM
When was ConnectM founded?
ConnectM was founded in 2007.
Where is ConnectM located?
ConnectM is headquartered in Marlborough, United States. It is registered at Marlborough, Massachusetts, United States.
Who is the current CEO of ConnectM?
Tom Judge is the current CEO of ConnectM.
Is ConnectM a funded company?
ConnectM is a funded company, having raised a total of $12.08M across 3 funding rounds to date. The company's 1st funding round was a Series A of $6M, raised on Jun 27, 2007.
How many employees does ConnectM have?
As of Dec 31, 2024, the latest employee count at ConnectM is 158.
What is the annual revenue of ConnectM?
Annual revenue of ConnectM is $22.65M as on Dec 31, 2024.
What does ConnectM do?
ConnectM was founded in 2007 and is based in Marlborough, United States. Operations focus on the energy management sector, where a solution delivery platform is utilized to connect assets and machines with pre-built applications for oversight. Cloud availability is enabled for these applications, reducing maintenance risks and costs. Cell tower monitoring solutions are also included among the services offered.
Who are the top competitors of ConnectM?
What products or services does ConnectM offer?
ConnectM offers Energy Intelligence Network, IoT Platform, Digital Platform, and Last Mile Delivery Software.
Is ConnectM publicly traded?
Yes, ConnectM is publicly traded on OTC under the ticker symbol CNTM.
How many acquisitions has ConnectM made?
ConnectM has made 7 acquisitions, including Cambridge Energy Resources, DeliveryCircle, and Ecovent Systems.
Who are ConnectM's investors?
ConnectM has 1 investor. Key investors include Chiratae Ventures.
What is ConnectM's ticker symbol?
The ticker symbol of ConnectM is CNTM on OTC.
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