About Connext Network
Connext Network is a company based in San Francisco (United States) founded in 2017. It operates as a Blockchain-as-a-Service. Connext Network has raised $23.16 million across 5 funding rounds from investors including Coinbase, OKX and Polychain. Connext Network has completed 1 acquisition, including Trextel. Connext Network offers products and services including Restaking, xERC20, and Chain Abstraction. Connext Network operates in a competitive market with competitors including Connext, SatoshiPay, ChangeTip, BitWall and ZapChain, among others.
- Headquarter San Francisco, United States
- Stage Minicorn
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Sectors
Financial Services
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Phone
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Website
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Social
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Products & Services of Connext Network
Connext Network offers a comprehensive portfolio of products and services, including Restaking, xERC20, and Chain Abstraction. 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.
Tokens are restaked across supported chains in one transaction.
Crosschain tokens are deployed with zero slippage and security.
Crosschain apps are built for use on any chain.
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Funding Insights of Connext Network
Connext Network has successfully raised a total of $23.16M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $7.5 million completed in June 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 Total Funding
- Total Rounds 5
- Last Round Series A — $7.5M
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First Round
First Round
(18 Sep 2017)
- Investors Count 22
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Series A - Connext Network | Valuation | NGC , Polygon Ventures | |
| Jul, 2021 | Amount | Series A - Connext Network | Valuation | ConsenSys Mesh , 1kx | |
| Feb, 2021 | Amount | Seed - Connext Network | Valuation | Polychain |
| 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 |
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Investors in Connext Network
Connext Network has secured backing from 22 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Coinbase, OKX and Polychain. 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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Blockchain-based startups are funded by NGC venture capital firm.
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Founded Year | Domain | Location | |
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Venture focused on crypto currency
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Founded Year | Domain | Location | |
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Investments are made in early-stage tech startups by IOSG Ventures.
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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 Connext Network
Connext Network has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Trextel. 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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IT services suite solutions are provided globally by Trextel.
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| 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 - Connext Network
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Connext Network Comparisons
Competitors of Connext Network
Connext Network 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 Connext, SatoshiPay, ChangeTip, BitWall and ZapChain, 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 |
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| domain | founded_year | HQ Location |
Therapeutic solutions for orphan diseases are developed and provided.
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| domain | founded_year | HQ Location |
Nano payments are processed for businesses to monetize digital content.
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| domain | founded_year | HQ Location |
Bitcoin micropayments are facilitated via social media platforms.
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Bitcoin micropayments are facilitated for web content publishers.
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A microtransaction-enabled social network connecting users for seamless interactions.
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Delivers a content platform enabled with micropayments for seamless transactions.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Connext Network
Frequently Asked Questions about Connext Network
When was Connext Network founded?
Connext Network was founded in 2017.
Where is Connext Network located?
Connext Network is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Connext Network a funded company?
Connext Network is a funded company, having raised a total of $23.16M across 5 funding rounds to date. The company's 1st funding round was a Seed of $3.6M, raised on Sep 18, 2017.
What does Connext Network do?
Connext Network, now rebranded as Everclear, is dedicated to providing fast and secure modular interoperability protocols powered by intents. Crosschain transactions are enabled with low fees and minimal latency. Security is inherited from canonical bridges for data and transaction integrity across chains. Developers are supported with simple integration tools to build crosschain applications, deploy tokens, and facilitate restaking across multiple supported chains like Ethereum, Arbitrum, and Polygon.
Who are the top competitors of Connext Network?
Connext Network's top competitors include SatoshiPay, ChangeTip and BitWall.
What products or services does Connext Network offer?
Connext Network offers Restaking, xERC20, and Chain Abstraction.
How many acquisitions has Connext Network made?
Connext Network has made 1 acquisition, including Trextel.
Who are Connext Network's investors?
Connext Network has 22 investors. Key investors include Coinbase, OKX, Polychain, Scalar Capital, and NGC.
What is Connext Network's valuation?
The valuation of Connext Network is $250M as of Jun 2023.
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