About NextWeb
NextWeb is a Telecommunications company based in San Jose (United States) founded in 1999, and was acquired by TPx Communications in December 2010. Fixed wireless broadband internet is delivered to businesses. 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. Its focus areas include Telecom, Telecom Operators, Business Communication and Broadband. Its competitors include Ekahau, Agile Networks and Deep Blue Communications; 2 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters San Jose, United States
- Stage Acquired
- SectorsTelecommunications
- Website nextweb.nextweb.net/aboutus-background.htm
- Acquired by TPx Communications (Dec 2010)
- Total Equity Funding$8M (USD)
in 3 rounds
- Latest Funding Round$3.5M (USD), Series E
Aug 2005
- InvestorsTPx Communications
& 5 more
- Investments & Acquisitions
- Acquired by
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 $8M
- Total Rounds 3
- Last Round Series E — $3.5M
- First Round $3M
(Nov 2001)
- Investors Count 4
All 3 funding rounds of NextWeb 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 |
|---|---|---|---|---|---|
| Aug 2005 | $3.5M | Series E | – | – | |
| Nov 2002 | $1.5M | Series D | – | – | |
| Nov 2001 | $3M | Series C | – | – | – |
6 investors in total: 6 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Tech and Life Sciences focused corporate VC firm investing in the US | kpventures.com | Oakland, United States | ||
Direct secondary investments are made in private company shares. | saintscapital.com | Denver, United States | ||
| monetcapital.com | ||||
Sunsino Venture Group is engaged in financing innovative startups. | 1994 | sunsino.com.tw | Taipei City, Taiwan | |
Broadband voice and data communication services are provided. | 1996 | covad.com | Cupertino, United States | |
Managed IT and Business communication services provider | 1998 | tpx.com | Los Angeles, United States |
Investor details for NextWeb
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Investments & Acquisitions by NextWeb
NextWeb has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Sky pipeline.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Wireless broadband service provider | skypipeline.com | California, United States | 2000 | Feb 2014 | •••• |
Complete acquisition details for NextWeb
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- Acquired stakes
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Timeline of NextWeb
6 dated milestones of NextWeb across 15 years, from founding to its latest funding, stage changes and deals.
- Founded NextWeb is founded.
- Funding First funding round of $3.0M.
- Funding Latest funding round, Series E, of $3.5M.
- Exit Acquired by Covad Communications.
- Exit Acquired by TPx Communications.
- Acquisition Acquires Sky pipeline.
Competitors of NextWeb
NextWeb has 3 listed competitors in our database, 2 of them funded. They include Ekahau, Agile Networks and Deep Blue Communications.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ekahau.com | 2000 | Reston, United States | $22M | 26 | Wi-Fi-based RTLS systems for asset tracking and safety are provided. | |
| agilenetworks.com | 2010 | Canton, United States | $4.69M | Hybrid fiber-wireless broadband data networks are provided for IP applications. | ||
| deepbluecommunications.com | 2003 | Albany, United States | 99 | Managed Wi-Fi services are delivered to hospitality and retail sectors. |
Detailed competitors of NextWeb
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Related news about Nextweb
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Frequently Asked Questions about NextWeb
NextWeb was founded in 1999 and raised its 1st funding round 2 years after it was founded.
NextWeb is headquartered in San Jose, United States. It is registered at San Jose, California, United States.
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 2001.
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.
NextWeb's top competitors include Ekahau, Deep Blue Communications and Agile Networks.
NextWeb has made 1 acquisition, including Sky pipeline.
NextWeb has 6 investors. Key investors include TPx Communications, Covad Communications, Kaiser Permanente Ventures, Saints Capital, and Monet Capital.
Yes. NextWeb was acquired by TPx Communications in December 2010.