What is Allconnect?
Allconnect operates as a sophisticated digital platform designed to streamline the procurement of home services, including television, internet, and utility connectivity. By functioning as a free, consumer-centric tool, the company simplifies the complex landscape of service provider selection, enabling users to identify optimal deals based on geographic availability. Its market position is defined by its dual utility: serving as a high-conversion marketplace for service providers and an educational resource for consumers seeking to maximize their home service efficiency. Through its proprietary technology, Allconnect effectively reduces friction in the consumer decision-making process, thereby capturing significant value in the home services ecosystem.
How much funding has Allconnect raised?
Allconnect has raised a total of $33M across 3 funding rounds:
Series B
$13M
Series C
$15M
Private Equity
$5M
Series B (2000): $13M with participation from ITC Holding Company, Nth Power, and Southeast Interactive Technology Funds
Series C (2007): $15M led by Legacy Securities, Nth Power, and Southeast Interactive Technology Funds
Private Equity (2013): $5M supported by Maveron, Nth Power, LLC, and Southeast Interactive Technology Funds
Key Investors in Allconnect
Southeast Interactive Technology Funds
An early-stage lead investor established in 1995, focusing exclusively on information technology and communication investments with a robust national and global network.
Nth Power
A venture capital firm dedicated to driving innovation within the energy sector, supporting startups that promote sustainability and transformative energy systems.
Maveron
A consumer-focused venture capital firm that partners with innovative entrepreneurs to disrupt traditional consumer experiences and build sustainable, high-impact brands.
What's next for Allconnect?
Looking ahead, Allconnect is well-positioned to leverage its historical capital base to further penetrate the home services market. The strategic focus will likely shift toward enhancing its algorithmic recommendation engines and expanding its partner network to include a broader array of smart home and utility services. As the company continues to evolve, the integration of advanced data analytics will be paramount in maintaining its competitive edge. By capitalizing on the momentum generated by its recent funding, Allconnect is poised to solidify its status as an essential utility-shopping utility, potentially exploring new vertical integrations that align with the growing demand for connected home management solutions.
See full Allconnect company page
