About NewConnect
NewConnect is a company founded in 2011. It operates as a Subscription Services, and Managed Services. NewConnect has raised $200 thousand across 2 funding rounds from investors including TEDCO and Blu Venture Investors. NewConnect offers products and services including Dedicated Internet Access, Internet Backup Solutions, Ethernet Private Networks, and VoIP. NewConnect operates in a competitive market with competitors including McKay Brothers, Ekahau, Agile Networks, NextWeb and Deep Blue Communications, among others.
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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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- Legal Name Newconnect, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$200 K (USD)
in 2 rounds
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Latest Funding Round
$200 K (USD), Seed
Apr 29, 2020
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Investors
TEDCO
& 1 more
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Employee Count
Employee Count
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Products & Services of NewConnect
NewConnect offers a comprehensive portfolio of products and services, including Dedicated Internet Access, Internet Backup Solutions, Ethernet Private Networks, and VoIP. 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.
High-speed internet is provided for business-critical operations.
Backup internet services are offered for uninterrupted connectivity.
Secure private networks are delivered for business communications.
Voice over IP services are provided for businesses.
Funding Insights of NewConnect
NewConnect has successfully raised a total of $200K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $200 thousand completed in April 2020. 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 2
- Last Round Seed — $200,000
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Apr, 2020 | Amount | Seed - NewConnect | Valuation | TEDCO |
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| Aug, 2017 | Amount | Seed - NewConnect | 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 NewConnect
NewConnect has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include TEDCO and Blu Venture Investors. 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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Venture capital fund and startup accelerator programs focused on seed and early stage companies
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Founded Year | Domain | Location | |
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Venture capital firm focused on tech companies
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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 NewConnect
| 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 - NewConnect
| 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 |
Newconnect Comparisons
Competitors of NewConnect
NewConnect 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 McKay Brothers, Ekahau, Agile Networks, NextWeb and Deep Blue Communications, 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 |
Low-latency wireless connectivity services are provided to financial firms.
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| domain | founded_year | HQ Location |
Wi-Fi-based RTLS systems for asset tracking and safety are provided.
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| domain | founded_year | HQ Location |
Hybrid fiber-wireless broadband data networks are provided for IP applications.
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| domain | founded_year | HQ Location |
Fixed wireless broadband internet is delivered to businesses.
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| domain | founded_year | HQ Location |
Managed Wi-Fi services are delivered to hospitality and retail sectors.
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| domain | founded_year | HQ Location |
Offers mobile plans, business internet, and security services for corporate needs.
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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 NewConnect
When was NewConnect founded?
NewConnect was founded in 2011 and raised its 1st funding round 6 years after it was founded.
Is NewConnect a funded company?
NewConnect is a funded company, having raised a total of $200K across 2 funding rounds to date.
What does NewConnect do?
NewConnect is established as a leading commercial Internet Service Provider serving the greater Washington DC area and nationwide. Businesses are provided with high-speed internet solutions, including dedicated internet access, backup solutions, Ethernet private networks, and VoIP services. The company is focused on delivering reliable and fast connectivity through next-generation networks, bypassing limitations of traditional technology. Sectors served include commercial and business-critical environments with an emphasis on performance, redundancy, and immediate installations.
Who are the top competitors of NewConnect?
NewConnect's top competitors include McKay Brothers, Ekahau and Deep Blue Communications.
What products or services does NewConnect offer?
NewConnect offers Dedicated Internet Access, Internet Backup Solutions, Ethernet Private Networks, and VoIP.
Who are NewConnect's investors?
NewConnect has 2 investors. Key investors include TEDCO, and Blu Venture Investors.
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