Connectbase, a cloud marketplace for connectivity, has announced that DigitalBridge Ventures, the InfraTech division of DigitalBridge Group, has led a $21 million fundraising round for the platform. As the worldwide need for bandwidth rises, Connectbase has managed to acquire a fresh equity investment to fuel its planned platform expansion.
Led by Founder and CEO Ben Edmond, Connectbase is a marketplace that would allow for next generation buying and selling of connectivity, including automated quoting, and delivering deep, trustworthy insights. The technology from Connectbase manages 1.7 billion locations across 150 countries for approximately 300 providers globally. Operated by Connected2fiber Inc., Connectbase would enable users to easily scale up direct connectivity with their ecosystem of service providers.
“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 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.”
Ascent Venture Partners, Harbert Growth Partners, Nauta Capital, and Osage Venture Partners were among the current Connectbase investors that took part in the investment round.
Connected World Platform
The most recent capital will be applied to improving the Connected World platform capabilities of Connectbase, extending digital services into other international markets, and expanding the company’s personnel, especially its go-to-market organization. In order to promote integration and insight for service provider users, Connectbase also plans to increase the capabilities of its plan-to-order process. Additionally, it will be working on providing a new user interface.
“Connectivity is the lifeblood of our digital economy,” said Alexandre Villela, Head of Ventures at DigitalBridge. “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.”
Connectbase would be one of the fastest-growing private firms in America. It has been listed on the Inc. 5000 list for the past two years. The company is also included on Inc. magazine’s annual list of the Best Workplaces for 2021. The following recent achievements include:
- Serving 28 of the top 30 network operators in the U.S. market
- Over 30,000 users of the platform
- Over 11,000 network providers have been profiled globally with regard to the last mile
- With insights from more than 80 billion changes every month, network intelligence has been vetted and produced across more than 1.7 billion sites globally
- Over $10 billion in connection quotes over the previous year, with platform growth in quote volume of over 100% yearly
The DigitalBridge team oversees the management of a $48 billion portfolio of digital infrastructure assets on behalf of its limited partners and shareholders. The team has a history of over 25 years of investing in and operating businesses across the digital ecosystem, including cell towers, data centers, fiber, small cells, and edge infrastructure. Key offices for DigitalBridge, which has its headquarters in Boca Raton, are located in New York, Los Angeles, London, and Singapore.
The InfraTech project started by DigitalBridge in March 2022 is called DigitalBridge Ventures. The platform supports businesses with solid business models in expanding areas that complement DigitalBridge’s core competencies and focuses on new digital infrastructure technologies.