About Internet Connect
Internet Connect is a company based in Torrance (United States) founded in 1994 was acquired by Covad Communications in January 2002.. Internet Connect has raised $80.1 million across 3 funding rounds from investors including Covad Communications, Crosspoint Venture Partners and Spectrum Equity. Internet Connect operates in a competitive market with competitors including KPN, Hong Kong Broadband Network, Cogeco, British Telecom and Ciena, among others.
- Headquarter Torrance, United States
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Sectors
Telecommunications
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$80.1 M (USD)
in 3 rounds
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Latest Funding Round
$52.6 M (USD), Series C
Apr 07, 2000
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Investors
Covad Communications
& 2 more
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Employee Count
Employee Count
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Acquired by
Covad Communications
(Jan 07, 2002)
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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 Total Funding
- Total Rounds 3
- Last Round Series C — $52.6M
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First Round
First Round
(12 Oct 1999)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2000 | Amount | Series C - Internet Connect | Valuation |
investors |
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| Nov, 1999 | Amount | Series B - Internet Connect | Valuation |
investors |
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| Oct, 1999 | Amount | Series B - Internet Connect | 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 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. 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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Founded Year | Domain | Location | |
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Growth equity investments and partnerships in finance and related sectors.
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Founded Year | Domain | Location | |
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Broadband voice and data communication services are provided.
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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 Internet Connect
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Internet Connect
| 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 |
Internet Connect Comparisons
Competitors of Internet Connect
Internet Connect 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 KPN, Hong Kong Broadband Network, Cogeco, British Telecom and Ciena, 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 |
Mobile and fixed-line telecommunication services are provided across Europe.
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| domain | founded_year | HQ Location |
Provider of fibre optic broadband internet services
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| domain | founded_year | HQ Location |
Fiber-optic internet, TV, and fixed-line telephone services provider
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| domain | founded_year | HQ Location |
Provider of mobile phones and fiber broadband services for home & business
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| domain | founded_year | HQ Location |
Cloud-based network management software is provided for infrastructure planning.
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| domain | founded_year | HQ Location |
Datacenter colocation, communication technology, and managed services are provided.
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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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Frequently Asked Questions about Internet Connect
When was Internet Connect founded?
Internet Connect was founded in 1994 and raised its 1st funding round 5 years after it was founded.
Where is Internet Connect located?
Internet Connect is headquartered in Torrance, United States. It is registered at Torrance, California, United States.
Is Internet Connect a funded company?
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 12, 1999.
What does Internet Connect do?
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.
Who are the top competitors of Internet Connect?
Who are Internet Connect's investors?
Internet Connect has 3 investors. Key investors include Covad Communications, Crosspoint Venture Partners, and Spectrum Equity.