About Summit Broadband
Summit Broadband is a company based in Orlando (United States) founded in 2009 was acquired by Grain Management in August 2019. Summit Broadband has raised $17.01 million across 5 funding rounds from investors including Brookfield Asset Management and Grain Management. Summit Broadband has completed 2 acquisitions, including Litestream Holdings and NexGen Communications. Summit Broadband offers products and services including Fiber Internet, TV Services, and Phone Services. Summit Broadband operates in a competitive market with competitors including KPN, Ciena, Hong Kong Broadband Network, FPT Telecom and Bezeq, among others.
- Headquarter Orlando, United States
- SectorsTelecommunications
- Website summit-broadband.com
- Social LinkedIn X Facebook
- Acquired by Grain Management (Aug 2019)
- Total Equity Funding$17.01M (USD)
in 5 rounds
- Latest Funding Round$100M (USD), Debt – Conventional
Dec 2024
- InvestorsBrookfield Asset Management
& 1 more
- Investments & AcquisitionsLitestream Holdings
& 1 more
- Acquired byGrain Management
(Aug 2019)
Products & Services of Summit Broadband
Summit Broadband offers a comprehensive portfolio of products and services, including Fiber Internet, TV Services, and Phone Services.
Delivers high-speed fiber-optic connectivity for homes and businesses.
Provides TV options via DIRECTV and internet streaming.
Offers voice and unified communications for reliable calls.
Funding Insights of Summit Broadband
Summit Broadband has successfully raised a total of $17.01M across 5 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $100 million completed in December 2024. 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 $17.01M
- Total Rounds 5
- Last Round Debt – Conventional — $100M
- First Round $3.82M
(Jan 2010)
- Investors Count 1
All 5 funding rounds of Summit Broadband 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 |
|---|---|---|---|---|---|
| Dec 2024 | $100M | Debt – Conventional | – | – | |
| Mar 2012 | $5.13M | Series B | – | – | – |
| Nov 2011 | $1.65M | Series B | – | – | – |
| Jan 2011 | $6.41M | Series B | – | – | – |
| Jan 2010 | $3.82M | Series A | – | – | – |
2 investors in total: 2 institutional.
Investors in Summit Broadband
Summit Broadband has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Brookfield Asset Management and Grain Management.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Focus is placed on real estate and renewable energy investments. | 1899 | brookfield.com | Toronto, Canada | |
Grain Management is engaged in broadband technology investments. | 2021 | graingp.com | Washington, DC, United States |
Investor details for Summit Broadband
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Summit Broadband
54 people are tracked at Summit Broadband (28 in leadership, 26 in team).
| Name | Role | Group |
|---|---|---|
Erik Peterson | Account Director | Leadership |
Kurt Van Wagenen | CEO | Leadership |
Jordan Helms | Account Director- Community Solutions | Leadership |
Randall Covard | VP, Legal & People Operations | Leadership |
Mark Rankin | CFO | Leadership |
Toray Leonard | Wholesale Account Director | Leadership |
Shelley Clark | Account Director- Community Solutions At Summit Broadband | Leadership |
Stephen McPherson | Director Solutions Architecture | Leadership |
Cheryl Rowswell | Enterprise Account Director | Leadership |
Art Haas | Senior Vice President Of Finance | Leadership |
Melissa Santiago | Director Enterprise Sales | Leadership |
Steve C. | Wholesale Account Director | Leadership |
Amasa Juniis | Account Director | Leadership |
Darell Bright | Vice President - Community Solution | Leadership |
James Lamb | Vice President Of Commercial Sales | Leadership |
Colin Wells | Director Of Sales, Community Solutions West/ Central Florida | Leadership |
Steve Tracy | Director, Sales - SWFL Commercial | Leadership |
Omar Anthony Rodriguez | Director Of OSP And Transport Services | Leadership |
Jordan Hinz | Account Director | Leadership |
James Young | Account Director, Enterprise | Leadership |
34 more people are available in the full profile.
Complete people profiles for Summit Broadband
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Summit Broadband
Summit Broadband has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Litestream Holdings and NexGen Communications.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Internet, TV, and voice services are provided to Iowa customers. | nexgencom.com | Dulles, United States | 1999 | Apr 2022 | •••• | |
Fiber-optic telecom and TV services provider | litestream.net | Atlanta, United States | 1999 | Oct 2018 | •••• |
Complete acquisition details for Summit Broadband
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Summit Broadband
6 dated milestones of Summit Broadband across 15 years, from founding to its latest funding, stage changes and deals.
- Founded Summit Broadband is founded.
- Funding First funding round of $3.8M.
- Acquisition Acquires Litestream Holdings.
- Exit Acquired by Grain Management.
- Acquisition Acquires NexGen Communications.
- Funding Latest funding round, Debt – Conventional, of $100.0M.
Competitors of Summit Broadband
Summit Broadband 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 KPN, Ciena, Hong Kong Broadband Network, FPT Telecom and Bezeq, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| kpn.com | 1989 | The Hague, Netherlands | – | 13,275 | Mobile and fixed-line telecommunication services are provided across Europe. | |
| ciena.com | 1992 | Hanover, United States | – | 412 | Cloud-based network management software is provided for infrastructure planning. | |
| hkbn.net | 1999 | Hong Kong, China | $200M | – | Provider of fibre optic broadband internet services | |
| fpt.vn | 1997 | Hanoi, Vietnam | $36.5M | – | Broadband internet, IPTV, and data services are offered in Vietnam. | |
| bezeq.co.il | 1984 | Tel Aviv, Israel | – | – | Telecom services provider in Israel | |
| centurylink.com | 1930 | Monroe, United States | – | 25,928 | Datacenter colocation, communication technology, and managed services are provided. | |
| cogeco.ca | 1956 | Montreal, Canada | – | – | Fiber-optic internet, TV, and fixed-line telephone services provider | |
| communityfibre.co.uk | 2013 | London, United Kingdom | $110.68M | 415 | Fiber-optic telecom and TV service provider | |
| volia.com | 2002 | Kyiv, Ukraine | $300M | – | Fixed-line Internet and HDTV services are provided in Ukraine. | |
| euskaltel.com | 1995 | Derio, Spain | – | – | Voice and data communication services provider |
Detailed competitors of Summit Broadband
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Summit Broadband
The website of Summit Broadband (summit-broadband.com) receives about 89.1K visits a month.
- Monthly visits89.1K
▲ 26.2% vs previous month
Websites whose visitors overlap most with Summit Broadband. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| i3broadband.com | 100% | 59.9K | #463,275 | View details | |
| chase.com | 66% | 198.6M | #125 | View details | |
| 1scom.com | 65% | – | – | View details | |
| facebook.com | 61% | 12.1B | #3 | View details | |
| indeed.com | 41% | 416.4M | #70 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 6 similar websites and full traffic analytics for Summit Broadband
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 6 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Summit Broadband
Complete news archive for Summit Broadband
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Summit Broadband
10 companies that operate in the same segment as Summit Broadband (Telecom Operators), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
MTN Group is recognized as a leading telecommunications provider in Africa. | 1994 | Johannesburg, Gauteng, South Africa | USD 7.05 M | USD 13.7 B | – | |
Global telecommunications company | 1995 | Delhi, Delhi, India | USD 292 M | USD 4.86 B | 4,250 | |
Telephony, internet, television, and network-based ICT services are provided. | 1994 | Brussels, Brussels-capital Region, Belgium | – | USD 7.08 B | 11,634 | |
Mobile telecommunications, internet, and energy services are provided globally. | 1981 | Tokyo, Tokyo, Japan | – | USD 44.14 B | 74,952 | |
Mobile internet, TV, and telecommunication services are provided. | 1876 | Dallas, Texas, United States | – | USD 125.65 B | 140,990 | |
Mobile internet services are provided for homes and offices. | 1981 | North Ryde, New South Wales, Australia | USD 19.72 M | – | – | |
Sky is recognized as a provider of TV, broadband, and mobile services. | 1990 | Isleworth, England, United Kingdom | – | – | 31,000 | |
Mobile and fixed-line telecommunication services are provided across Europe. | 1989 | The Hague, South Holland, Netherlands | – | USD 6.82 B | 9,660 | |
Provider of integrated telecommunication services | 1984 | Seoul, South Korea | – | USD 11.84 B | 5,490 | |
Integrated telecom and IPTV services are provided to Canadian customers. | 1874 | Vancouver, British Columbia, Canada | – | USD 14.86 B | 106,800 |
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Frequently Asked Questions about Summit Broadband
Summit Broadband was founded in 2009 and raised its 1st funding round 1 year after it was founded.
Summit Broadband is headquartered in Orlando, United States. It is registered at Orlando, Florida, United States.
Summit Broadband is a funded company, having raised a total of $17.01M across 5 funding rounds to date. The company's 1st funding round was a Series A of $3.82M, raised on Jan 2010.
Summit Broadband was founded in 2009 as a telecommunications provider based in Orlando, United States. Services including cable TV, fiber-optic internet access, and digital telephone options such as locallong-distance calling, voicemail, and direct inward dialing are delivered to residential customers, hotels, and commercial businesses across Central Florida. Dark fiber transport is also supplied to carrier and enterprise clients.
Summit Broadband's top competitors include KPN, Ciena and Community Fibre.
Summit Broadband offers Fiber Internet, TV Services, and Phone Services.
Summit Broadband has made 2 acquisitions, including Litestream Holdings, and NexGen Communications.
Summit Broadband has 2 investors. Key investors include Brookfield Asset Management, and Grain Management.
Yes. Summit Broadband was acquired by Grain Management in August 2019.