About Connext Network
Connext Network is a Financial Services company based in San Francisco (United States) founded in 2017. Ethereum-based P2P micro-payment infrastructure is provided for users. It operates on a Blockchain-as-a-Service model. 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 was last valued at $250 million in June 2023. Connext Network offers products and services including Restaking, xERC20, and Chain Abstraction. Its focus areas include Technology, Blockchain and Interoperability Solutions. Its competitors include ChangeTip, BitWall and ZapChain; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters San Francisco, United States
- Stage Minicorn
- SectorsFinancial Services
- Website connext.network
- Social LinkedIn X YouTube
Products & Services of Connext Network
Connext Network offers a comprehensive portfolio of products and services, including Restaking, xERC20, and Chain Abstraction.
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.
Apps and channels of Connext Network
its YouTube channel Everclear (prev Connext) has 560 subscribers and 30 videos.
Videos from Connext Network
The most watched videos on Connext Network's YouTube channel, Everclear (prev Connext) (560 subscribers). Click a video to play it here.
More on Everclear (prev Connext).
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 $23.16M
- Total Rounds 5
- Last Round Series A — $7.5M
- First Round $60,000
(Sep 2017)
- Investors Count 22
All 5 funding rounds of Connext Network with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Valuation | Stage |
|---|---|---|
| Jun 2023 | $250M | •••••••• |
Last known valuation $250M (Jun 2023). 22 investors in total: 18 institutional and 4 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Blockchain-based startups are funded by NGC venture capital firm. | ngc.fund | Shanghai, China | ||
Venture focused on crypto currency | polygonventures.xyz | Singapore, Singapore | ||
Investments are made in early-stage tech startups by IOSG Ventures. | iosg.vc | Hong Kong, China | ||
Early-stage venture capital firm investing in the US and UK | fenbushi.vc | Shanghai, China | ||
Early-stage companies are invested in by A.Capital Ventures. | acapital.com | Menlo Park, United States | ||
Blockchain sector investments are managed by this venture capital fund. | nolimitholdings.xyz | |||
Early-stage tech and energy focused venture capital firm funding companies in the US, Europe and Africa | factore.com | Nairobi, Kenya | ||
Venture capital fund focused on crypto-assets | hashed.com | Seoul, South Korea | ||
ICO-based venture capital fund | 1kx.network | |||
Investments in cryptocurrency and blockchain assets are managed by Polychain. | 2016 | polychain.capital | San Francisco, United States |
![Factor[e] Ventures logo](https://img.thecompanycheck.com/b/factore_logo.webp){kind=logo}
Investor details for Connext Network
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People of Connext Network
15 people are tracked at Connext Network (6 in leadership, 9 in team).
| Name | Role | Group |
|---|---|---|
Rahul Sethuram | CTO & Co-Founder | Leadership |
Matthew Hammond | Head of Growth | Leadership |
Layne Haber | Co-Founder | Leadership |
Arjun Bhuptani | Co-Founder & CEO | Leadership |
Alex White | Head of Product | Leadership |
Sarah Brooks | Chief Operating Officer | Leadership |
Najdana Majors | DAO Governance | Team |
Khalil J. | Biz Dev | Team |
Prathmesh Khandelwal | Engineer | Team |
Aryan Jain (aryanjain.eth 🦇🔊) | Community Contributor | Team |
Дарья Шапиро | Product Designer | Team |
ZhiPeng Liu | Solidity Developer | Team |
Massimo Lomuscio | Growth | Team |
Carlo Mazzaferro | Site Reliability Engineer | Team |
SANCHAY MITTAL | Project Manager | Team |
Complete people profiles for Connext Network
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Investments & Acquisitions by Connext Network
Connext Network has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Trextel.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
IT services suite solutions are provided globally by Trextel. | trextel.com | Duluth, United States | 2007 | Mar 2024 | •••• |
Complete acquisition details for Connext Network
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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Timeline of Connext Network
5 dated milestones of Connext Network across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Connext Network is founded.
- Funding First funding round of $60K.
- Funding Latest funding round, Series A, of $7.5M.
- Milestone Reaches Minicorn status.
- Acquisition Acquires Trextel.
Competitors of Connext Network
Connext Network has 3 listed competitors in our database, 3 of them funded. They include ChangeTip, BitWall and ZapChain.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| changetip.com | 2013 | San Francisco, United States | $4.66M | Bitcoin micropayments are facilitated via social media platforms. | ||
| bitwall.io | 2013 | San Francisco, United States | $50,000 | Bitcoin micropayments are facilitated for web content publishers. | ||
| zapchain.com | 2014 | San Francisco, United States | $350,000 | A microtransaction-enabled social network connecting users for seamless interactions. |
Detailed competitors of Connext Network
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Web traffic of Connext Network
The website of Connext Network (connext.network) receives about 7.5K visits a month.
- Monthly visits7.5K
▲ 9.1% vs previous month
Websites whose visitors overlap most with Connext Network. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| datawallet.com | 100% | 216.5K | #188,772 | View details | |
| defiway.com | 100% | 31.8K | #898,443 | View details | |
| circle.com | 100% | 765.2K | #58,936 | View details | |
| connextbroadband.com | 68% | 680.7K | View details | ||
ctpostandbeam.com | ctpostandbeam.com | 59% | #1,553,765 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 6 similar websites and full traffic analytics for Connext Network
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Top companies in Cryptocurrencies
3 companies that operate in the same segment as Connext Network (Cryptocurrencies) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cross-border cryptocurrency payments for businesses are enabled through APIs. | 2013 | Boston, Massachusetts, United States | USD 1.51 B | USD 2.75 B | 1,533 | |
Cryptocurrency trading, storage, and exchange services are offered online. | 2012 | San Francisco, California, United States | USD 546.62 M | USD 7.18 B | 7,025 | |
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | 217 |
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Related news about Connext Network
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Frequently Asked Questions about Connext Network
Connext Network was founded in 2017.
Connext Network is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
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 $60K, raised on Sep 2017.
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.
Connext Network offers Restaking, xERC20, and Chain Abstraction.
Connext Network has made 1 acquisition, including Trextel.
Connext Network has 22 investors. Key investors include Coinbase, OKX, Polychain, Scalar Capital, and NGC.
The valuation of Connext Network is $250M as of Jun 2023.