About Internet For Business
Internet For Business is a company based in Shoreview (United States) founded in 1996 was acquired by Converged Communication Solutions in February 2025.. Internet For Business has raised $30 million across 1 funding round from investors including 3i Group, Lime Rock Partners and Converged Communication Solutions. Internet For Business offers products and services including Managed IT Services, Connectivity, Cyber Security, Business Phone Systems, and Cloud Solutions. Internet For Business operates in a competitive market with competitors including 1&1 IONOS, Vonage, BlueCat, Viatel and Arkadin, among others.
- Headquarter Shoreview, United States
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Sectors
Telecommunications
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Email
***********
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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
$30 M (USD)
in 1 rounds
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Latest Funding Round
$30 M (USD), Series B
Nov 21, 1999
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Investors
3i Group
& 2 more
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Employee Count
Employee Count
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Acquired by
Converged Communication Solutions
(Feb 23, 2025)
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Products & Services of Internet For Business
Internet For Business offers a comprehensive portfolio of products and services, including Managed IT Services, Connectivity, Cyber Security, Business Phone Systems, and Cloud Solutions. 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.
Ensures business connectivity and productivity through expert support.
Provides reliable network connections for business operations.
Monitors and prevents cyber threats to protect business data.
Facilitates team communication via VoIP and integration services.
Offers virtual servers and data backup for enhanced accessibility.
Funding Insights of Internet For Business
Internet For Business has successfully raised a total of $30M through 1 strategic funding round. The most recent funding activity was a Series B round of $30 million completed in November 1999. 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 B — $30.0M
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First Round
First Round
(21 Nov 1999)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 1999 | Amount | Series B - Internet For Business | Valuation | Lime Rock Partners , 3i Group |
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| 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 For Business
Internet For Business has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include 3i Group, Lime Rock Partners and Converged Communication Solutions. 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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Private equity firm focused on mid-market businesses
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Founded Year | Domain | Location | |
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Delivers managed IT support, connectivity, telephony, and cyber security to businesses.
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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 For Business
| 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 - Internet For Business
| 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 For Business Comparisons
Competitors of Internet For Business
Internet For Business 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 1&1 IONOS, Vonage, BlueCat, Viatel and Arkadin, 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 |
Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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| domain | founded_year | HQ Location |
Provider of contact center business communication solutions
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| domain | founded_year | HQ Location |
Cloud-based DNS, DHCP appliances, and security solutions are provided.
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| domain | founded_year | HQ Location |
Connectivity, voice, and data center solutions are provided by Viatel.
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| domain | founded_year | HQ Location |
Global audio, web, and video conferencing solutions are provided.
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| domain | founded_year | HQ Location |
Business telecom and contact center services are provided to enterprises.
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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 Internet For Business
Frequently Asked Questions about Internet For Business
When was Internet For Business founded?
Internet For Business was founded in 1996 and raised its 1st funding round 3 years after it was founded.
Where is Internet For Business located?
Internet For Business is headquartered in Shoreview, United States. It is registered at Shoreview, Minnesota, United States.
Is Internet For Business a funded company?
Internet For Business is a funded company, having raised a total of $30M across 1 funding round to date. The company's 1st funding round was a Series B of $30M, raised on Nov 21, 1999.
What does Internet For Business do?
Founded in 1996, Internet For Business operates as a telecommunication and data centre services provider based in Shoreview, United States. Services including fiber optic broadband, DSL connections, VoIP phone systems, leased lines, cloud hosting, managed networks, and disaster recovery are offered to business users in the UK and international markets. Installation, maintenance, and support are also included in bundled packages.
Who are the top competitors of Internet For Business?
What products or services does Internet For Business offer?
Internet For Business offers Managed IT Services, Connectivity, Cyber Security, Business Phone Systems, and Cloud Solutions.
Who are Internet For Business's investors?
Internet For Business has 3 investors. Key investors include 3i Group, Lime Rock Partners, and Converged Communication Solutions.