About Simpler Networks
Simpler Networks is a company based in Dorval (Canada) founded in 1999.. Simpler Networks has raised $40.5 million across 3 funding rounds from investors including Hercules Capital, Highland Capital Partners and Kodiak Venture Partners. Simpler Networks operates in a competitive market with competitors including Lite Access, Clearfield, DELTA Fiber, Emtelle and 2Africa, among others.
- Headquarter Dorval, Canada
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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
$40.5 M (USD)
in 3 rounds
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Latest Funding Round
$10 M (USD), Debt – Conventional
Jan 17, 2006
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Investors
Hercules Capital
& 4 more
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Employee Count
Employee Count
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Acquired by
(Dec 30, 2008)
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Funding Insights of Simpler Networks
Simpler Networks has successfully raised a total of $40.5M across 3 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $10 million completed in January 2006. 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 Debt – Conventional — $10.0M
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First Round
First Round
(10 May 2004)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2006 | Amount | Debt – Conventional - Simpler Networks | Valuation |
investors |
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| Apr, 2005 | Amount | Series B - Simpler Networks | Valuation |
investors |
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| May, 2004 | Amount | Series A - Simpler Networks | 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 Simpler Networks
Simpler Networks has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Hercules Capital, Highland Capital Partners and Kodiak Venture Partners. 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 debt financing is provided to companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital investment and entrepreneur support services.
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Founded Year | Domain | Location | |
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Seed and early stage venture fund investing in North America and Canada
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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 Simpler Networks
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
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 - Simpler Networks
| 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 |
Simpler Networks Comparisons
Competitors of Simpler Networks
Simpler Networks 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 Lite Access, Clearfield, DELTA Fiber, Emtelle and 2Africa, 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 |
Fiber-optic deployment components are supplied for network installation and kits.
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| domain | founded_year | HQ Location |
Fiber-optic networks are deployed, maintained, and protected through specialized solutions.
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| domain | founded_year | HQ Location |
Fibre optics internet, television, and mobile telephony services are provided.
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| domain | founded_year | HQ Location |
Manufactures fibre optic cables and ducted network solutions for global industries.
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| domain | founded_year | HQ Location |
Deploys subsea cables to connect Africa, Europe, and Asia for improved internet infrastructure.
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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 Simpler Networks
Frequently Asked Questions about Simpler Networks
When was Simpler Networks founded?
Simpler Networks was founded in 1999 and raised its 1st funding round 5 years after it was founded.
Where is Simpler Networks located?
Simpler Networks is headquartered in Dorval, Canada. It is registered at Dorval, Quebec, Canada.
Is Simpler Networks a funded company?
Simpler Networks is a funded company, having raised a total of $40.5M across 3 funding rounds to date. The company's 1st funding round was a Series A of $15.5M, raised on May 10, 2004.
What does Simpler Networks do?
Simpler Networks provides automated distribution frames (passive devices for termination of copper cables) in MDUs, street cabinets and remote central offices. Its products (controlled by a monitoring software) enable operators to fully automate deployment with zero touch provisioning. Claims to provide savings in OPEX and CAPEX costs by more than 50. Its product automates the operational bottlenecks like turning up, testing, managing, and maintaining an increasing number of nodes and services. The company had raised 96M in funding but was filed under receivership and acquired by an undisclosed buyer in 2008.
Who are the top competitors of Simpler Networks?
Simpler Networks's top competitors include Clearfield, Lite Access and DELTA Fiber.
Who are Simpler Networks's investors?
Simpler Networks has 5 investors. Key investors include Hercules Capital, Highland Capital Partners, Kodiak Venture Partners, BCE Capital, and Lothian Partners.