What is Connect?
Connect Foundation operates as a mission-driven non-profit dedicated to cultivating a robust ecosystem for entrepreneurs, founders, and visionaries. Through flagship initiatives such as Springboard and XEO, the organization provides the structural support necessary for early-stage ventures to scale effectively. By bridging the gap between nascent technology firms and the broader investment community, Connect serves as a catalyst for economic development, positioning San Diego as a competitive global hub for life sciences and consumer innovation.
How much funding has Connect raised?
Connect has raised a total of $12.7M across 3 funding rounds:
Debt
$2.3M
Series A
$10.3M
Debt
$144K
Debt (2014): $2.3M, investors not publicly disclosed
Series A (2014): $10.3M led by Fosun International
Debt (2024): $144K supported by Bank of America
Key Investors in Connect
Fosun International
A technology-driven consumer group based in Shanghai with a diversified portfolio spanning pharmaceuticals, travel, leisure, and financial services.
Bank of America
A global financial institution providing a wide range of banking, investing, and asset management services to corporate and individual clients.
Undisclosed Investors
What's next for Connect?
With the recent injection of capital, Connect is poised to expand its programmatic reach and deepen its impact on the regional startup landscape. The organization is expected to leverage these resources to enhance its mentorship frameworks and increase the velocity of capital deployment into high-potential ventures. As the innovation ecosystem matures, Connect remains focused on scaling its operational capacity to support a new generation of tech-driven enterprises, ensuring that the San Diego region maintains its trajectory as a premier destination for venture-backed growth and industrial advancement.
See full Connect company page
