About NextWeb
NextWeb is a company based in San Jose (United States) founded in 1999 was acquired by TPx Communications in December 2010.. NextWeb has raised $8 million across 3 funding rounds from investors including TPx Communications, Covad Communications and Kaiser Permanente Ventures. NextWeb has completed 1 acquisition, including Sky pipeline. NextWeb operates in a competitive market with competitors including McKay Brothers, Ekahau, Agile Networks, Deep Blue Communications and UUNET, among others.
- Headquarter San Jose, United States
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Sectors
Telecommunications
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$8 M (USD)
in 3 rounds
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Latest Funding Round
$3.5 M (USD), Series E
Aug 24, 2005
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Investors
TPx Communications
& 5 more
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Employee Count
Employee Count
- Investments & Acquisitions
- Acquired by
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Funding Insights of NextWeb
NextWeb has successfully raised a total of $8M across 3 strategic funding rounds. The most recent funding activity was a Series E round of $3.5 million completed in August 2005. 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 E — $3.5M
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First Round
First Round
(01 Nov 2001)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2005 | Amount | Series E - NextWeb | Valuation |
investors |
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| Nov, 2002 | Amount | Series D - NextWeb | Valuation |
investors |
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| Nov, 2001 | Amount | Series C - NextWeb | Valuation |
investors |
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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 NextWeb
NextWeb has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include TPx Communications, Covad Communications and Kaiser Permanente Ventures. 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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Tech and Life Sciences focused corporate VC firm investing in the US
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Founded Year | Domain | Location | |
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Direct secondary investments are made in private company shares.
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Founded Year | Domain | Location | |
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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 NextWeb
NextWeb has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Sky pipeline. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Wireless broadband service provider
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2000 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - NextWeb
| 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 |
Nextweb Comparisons
Competitors of NextWeb
NextWeb 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, Deep Blue Communications and UUNET, 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 |
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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Latest news on Nextweb
Frequently Asked Questions about NextWeb
When was NextWeb founded?
NextWeb was founded in 1999 and raised its 1st funding round 2 years after it was founded.
Where is NextWeb located?
NextWeb is headquartered in San Jose, United States. It is registered at San Jose, California, United States.
Is NextWeb a funded company?
NextWeb is a funded company, having raised a total of $8M across 3 funding rounds to date. The company's 1st funding round was a Series C of $3M, raised on Nov 01, 2001.
What does NextWeb do?
NextWeb was founded in 1999 in San Jose, United States, as a wireless internet service provider targeting businesses. Fixed wireless technology, both licensed and unlicensed, is utilized to bypass local telecommunications infrastructure and supply T1-class broadband services at reduced costs. The company was acquired by Covad in February 2006, which later merged with MegaPath. In December 2010, TelePacific Communications took over NextWebs operations.
Who are the top competitors of NextWeb?
NextWeb's top competitors include McKay Brothers, Ekahau and Deep Blue Communications.
How many acquisitions has NextWeb made?
NextWeb has made 1 acquisition, including Sky pipeline.
Who are NextWeb's investors?
NextWeb has 6 investors. Key investors include TPx Communications, Covad Communications, Kaiser Permanente Ventures, Saints Capital, and Monet Capital.
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