About Connecto
Connecto is a company based in Sofia (Bulgaria) founded in 2017 was acquired by Leanplum in June 2018.. Connecto has raised $753.1 thousand across 1 funding round from investors including Leanplum, Vassil Terziev and Tenko Nikolov. Connecto operates in a competitive market with competitors including Pand.ai, Bitext, Talk-A-Bot, Nextremer and Front AI, among others.
- Headquarter Sofia, Bulgaria
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Sectors
Technology
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Phone
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Website
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Social
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Funding Insights of Connecto
Connecto has successfully raised a total of $753.1K through 1 strategic funding round. The most recent funding activity was a Series A round of $753.1 thousand completed in June 2018. 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 1
- Last Round Series A — $753,103
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First Round
First Round
(20 Jun 2018)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2018 | Amount | Series A - Connecto | Valuation |
investors |
| 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 Connecto
Connecto has secured backing from 5 investors, including angel and venture fund investors. Prominent investors backing the company include Leanplum, Vassil Terziev and Tenko Nikolov. 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 investing in seed and series A startups
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Founded Year | Domain | Location | |
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VT
Vassil Terziev |
Co-founder of Telerik, active angel investor, and Mayor of Sofia.
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Founded Year | Domain | Location |
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TN
Tenko Nikolov |
Angel investor and tech entrepreneur, co-founder of SiteGround, based in India.
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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 Connecto
| 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 |
Financial Statements - Connecto
| 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 |
Connecto Comparisons
Competitors of Connecto
Connecto 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 Pand.ai, Bitext, Talk-A-Bot, Nextremer and Front AI, 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 |
An AI platform for automated customer engagement is provided.
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| domain | founded_year | HQ Location |
Multilingual NLP-based text analytics engines are developed for AI applications.
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| domain | founded_year | HQ Location |
Chatbot development services are provided for enterprises across multiple sectors.
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| domain | founded_year | HQ Location |
AI development services are provided by Nextremer.
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| domain | founded_year | HQ Location |
Customer service chatbots are developed for enterprises using AI platforms.
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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 Connecto
Frequently Asked Questions about Connecto
When was Connecto founded?
Connecto was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Connecto located?
Connecto is headquartered in Sofia, Bulgaria.
Is Connecto a funded company?
Connecto is a funded company, having raised a total of $753.1K across 1 funding round to date. The company's 1st funding round was a Series A of $753.1K, raised on Jun 20, 2018.
What does Connecto do?
Founded in 2017 in Sofia, Bulgaria, Connecto specializes in chatbot development for marketing and customer re-engagement. AI-based conversational interfaces are created using a proprietary platform and deployed on channels such as Facebook Messenger, Viber, and website widgets. Services target sectors including telecom, e-commerce, banking, and FMCG, with clients like Rakuten Viber, Coca-Cola, and others. The company was acquired by Leanplum in 2018.
Who are the top competitors of Connecto?
Connecto's top competitors include Pand.ai, Talk-A-Bot and Bitext.
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