What is Allconnect?
Allconnect operates as a free online platform designed to assist consumers in finding the optimal TV and internet services available in their respective areas. The company aims to simplify the often complex process of home service shopping, enabling users to connect with services that best meet their needs. Beyond facilitating deal discovery, Allconnect also serves as a valuable resource for consumers seeking to maximize the utility of their chosen services. Its core mission revolves around empowering consumers with information to make informed decisions about their home connectivity solutions.
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 Southeast Interactive Technology Funds, ITC Holding Company, and Nth Power
Series C (2007): $15M led by Southeast Interactive Technology Funds, Nth Power, and Legacy Securities
Private Equity (2013): $5M supported by Southeast Interactive Technology Funds, Maveron, and Nth Power, LLC
Key Investors in Allconnect
Southeast Interactive Technology Funds
Southeast Interactive Technology Funds is an early-stage lead investor focused exclusively on information technology and communication investments. They actively participate throughout a company's lifecycle and maintain national and global networks.
Maveron
Maveron is a consumer-focused venture capital firm that partners with entrepreneurs to transform consumer experiences. They specialize in early-stage consumer brands driven by human behavior and technological disruption.
Nth Power, LLC
Nth Power is a venture capital firm dedicated to driving innovation within the energy sector, investing in startups and technologies that aim to transform energy systems and promote sustainability.
What's next for Allconnect?
With the recent strategic investment, Allconnect is poised for accelerated growth and market penetration. The company is likely to focus on enhancing its service comparison tools, expanding its network of service providers, and potentially exploring new verticals within the home services sector. Further investment in technology and customer acquisition strategies will be crucial for solidifying its position as a leader in the consumer choice landscape for telecommunications and related home utilities. The sustained backing from investors indicates confidence in Allconnect's business model and its capacity to adapt to evolving consumer demands and technological advancements.
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