What is Connectbase?
Founded in 2015 and headquartered in Westborough, Massachusetts, Connectbase operates as a pivotal software provider within the telecommunications industry. The company specializes in automating the complex processes involved in network buying and selling. By acting as an industry partner, Connectbase enables the next generation of connectivity transactions through automated quoting, providing deep and trusted insights, and fostering a connected ecosystem that transforms network buying and selling processes. Its core mission is to streamline and enhance the efficiency of connectivity procurement and management.
How much funding has Connectbase raised?
Connectbase has raised a total of $54.3M across 4 funding rounds:
Series A
$5.3M
Series B
$12M
Series C
$21M
Other Financing Round
$16M
Series A (2019): $5.3M with participation from Ascent Venture Partners, Nauta Capital, Osage Venture Partners, and NXT Ventures
Series B (2021): $12M led by Harbert Growth Partners, Nauta Capital, and Osage Venture Partners
Series C (2022): $21M supported by DigitalBridge Ventures, Osage Venture Partners, Harbert Growth Partners, Ascent Venture Partners, and Nauta Capital
Other Financing Round (2023): $16M featuring Silicon Valley Bank
Key Investors in Connectbase
Silicon Valley Bank
Silicon Valley Bank (SVB) is a financial institution offering a comprehensive suite of services including commercial and private banking, asset management, and investment services, primarily catering to the technology and innovation sectors.
Osage Venture Partners
Osage Venture Partners is a venture capital firm specializing in early-stage B2B software companies, focusing on the future of work and education, and partnering with entrepreneurs for significant business growth.
Ascent Venture Partners
Ascent Venture Partners is an enterprise technology venture capital fund dedicated to supporting early-stage B2B companies, leveraging extensive experience and a strong network to foster innovation and leadership in the enterprise tech market.
What's next for Connectbase?
With the recent enterprise-level funding, Connectbase is strategically positioned for accelerated growth and enhanced market penetration. The capital infusion is anticipated to support the expansion of its platform capabilities, further development of its data insights, and the broadening of its partner ecosystem. This investment signals strong confidence in Connectbase's business model and its potential to lead the digital transformation within the network connectivity market. The company is likely to focus on scaling its operations, enhancing its technological offerings, and solidifying its position as a leader in automated network transactions.
See full Connectbase company page
