Connectivity marketplace platform Connectbase today announced that it has raised $21 million in its Series C funding round, led by DigitalBridge Ventures.
Connectbase is a marketplace that enables network sellers to connect, automate, and price their connectivity services, allows buyers to find and connect with new partners, and automate their quoting and ordering processes.
The company said the new investment will drive the growth of the company; it will use the money to enhance the company’s Connected World platform capabilities, expand digital services into more global markets, and grow its team.
All existing Connectbase investors, including Ascent Venture Partners, Harbert Growth Partners, Nauta Capital, and Osage Venture Partners participated in the funding round.
“Buying and selling network connectivity has been a slow, manual, and labor-intensive process for far too long, impacting the customer experience, profitability, and growth of the market,” said Connectbase founder and CEO Ben Edmond. “We launched Connectbase to solve that pain point by bringing together automation, location intelligence, and an ever-expanding connected ecosystem. As a partner to the connectivity ecosystem, we help service providers execute the right deals, with trust and confidence, faster than ever.”
Alexandre Villela, Head of Ventures at DigitalBridge, said: “Connectivity is the lifeblood of our digital economy. Connectbase provides an industry-leading data platform that is being built to transform how connectivity is bought and sold across the globe. At DigitalBridge Ventures, we are excited to leverage our unique digital ecosystem presence to partner and collaborate with emerging leaders across the Infratech sector.”
Founded in 2015 and previously known as Connected2Fiber, Connectbase says its more than 30,000 users on its platform, more than 11,000 network operators profiled, and serves 28 of the top 30 network operators in the US.
In March 2021 the company secured $12 million in Series B financing led by Harbert Growth Partners. It rebranded to Connectbase in February 2022 and has raised around $50 million in total.
DigitalBridge Ventures is the InfraTech initiative launched by DigitalBridge in March 2022, targeting emerging digital infrastructure technologies. It previously led a $60 million Series C funding round in 5G LAN firm Celona, Inc.
