About Internet Connect
Internet Connect is a Telecommunications company based in Torrance (United States) founded in 1994, and was acquired by Covad Communications in January 2002. Broadband internet service provider. Internet Connect has raised $80.1 million across 3 funding rounds from investors including Covad Communications, Crosspoint Venture Partners and Spectrum Equity. Its focus areas include Telecom, Telecom Operators, Broadband and Wired. Its competitors include Ciena and CenturyLink.
Company details
InternetConnect provides broadband internet services to SMEs. It also provides a variety of network access solutions to remote users and branch locations of larger enterprises. It owns, manages, and controls a nationwide data communications network that allows for the offering of integrated turnkey solutions. Its services include wide-area private networking, high-speed DSL Internet access, applications hosting, web hosting, and private computer networks. It was acquired by Covad Communications after it filed for bankruptcy.
- Headquarters Torrance, United States
- Stage Acquired
- SectorsTelecommunications
- Website internetconnect.net
- Social LinkedIn
- Acquired by Covad Communications (Jan 2002)
- Total Equity Funding$80.1M (USD)
in 3 rounds
- Latest Funding Round$52.6M (USD), Series C
Apr 2000
- InvestorsCovad Communications
& 2 more
- Acquired byCovad Communications
(Jan 2002)
Funding Insights of Internet Connect
Internet Connect has successfully raised a total of $80.1M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $52.6 million completed in April 2000. 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 $80.1M
- Total Rounds 3
- Last Round Series C — $52.6M
- First Round $20M
(Oct 1999)
- Investors Count 2
All 3 funding rounds of Internet Connect 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 |
|---|---|---|---|---|---|
| Apr 2000 | $52.6M | Series C | – | – | |
| Nov 1999 | $7.5M | Series B | – | – | – |
| Oct 1999 | $20M | Series B | – | – |
3 investors in total: 3 institutional.
Investors in Internet Connect
Internet Connect has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Covad Communications, Crosspoint Venture Partners and Spectrum Equity.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| cpvp.com | ||||
Growth equity investments and partnerships in finance and related sectors. | spectrumequity.com | |||
Broadband voice and data communication services are provided. | 1996 | covad.com | Cupertino, United States |
Investor details for Internet Connect
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Internet Connect
4 dated milestones of Internet Connect across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Internet Connect is founded.
- Funding First funding round of $20.0M.
- Funding Latest funding round, Series C, of $52.6M.
- Exit Acquired by Covad Communications.
Competitors of Internet Connect
Internet Connect has 2 listed competitors in our database. They include Ciena and CenturyLink.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ciena.com | 1992 | Hanover, United States | 412 | Cloud-based network management software is provided for infrastructure planning. | ||
| centurylink.com | 1930 | Monroe, United States | 25,928 | Datacenter colocation, communication technology, and managed services are provided. |
Detailed competitors of Internet Connect
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- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
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Frequently Asked Questions about Internet Connect
Internet Connect was founded in 1994 and raised its 1st funding round 5 years after it was founded.
Internet Connect is headquartered in Torrance, United States. It is registered at Torrance, California, United States.
Internet Connect is a funded company, having raised a total of $80.1M across 3 funding rounds to date. The company's 1st funding round was a Series B of $20M, raised on Oct 1999.
InternetConnect provides broadband internet services to SMEs. It also provides a variety of network access solutions to remote users and branch locations of larger enterprises. It owns, manages, and controls a nationwide data communications network that allows for the offering of integrated turnkey solutions. Its services include wide-area private networking, high-speed DSL Internet access, applications hosting, web hosting, and private computer networks. It was acquired by Covad Communications after it filed for bankruptcy.
Internet Connect's top competitors include Ciena and CenturyLink.
Internet Connect has 3 investors. Key investors include Covad Communications, Crosspoint Venture Partners, and Spectrum Equity.
Yes. Internet Connect was acquired by Covad Communications in January 2002.