Connectbase, a Boston, MA-based provider of an industry cloud for connectivity, raised $16M Debt Facility from Silicon Valley Bank.
The company intends to use the funds for digital infrastructure intelligence and commerce platform in support of accelerated global expansion and ecosystem development.
Led by CEO Connectbase focuses on digitizing, automating and modernizing the digital infrastructure community, providing solutions for network service providers, managed service providers, data centers, mobile network operators, tower companies, master agencies, and real estate management companies and brokerage firms. Its industry cloud for connectivity enables buying and selling of connectivity, including automated quoting, and providing deep insights.
After raising $22m in Series C funding last year, Connectbase acquired London UK-based LastMileXchange, an access quoting platform provider, this May. With the integration of LastMileXchange, the company extended its global quoting API ecosystem securely connecting buyers and sellers across six continents with more than 2.4 billion profiled locations in The Connected World platform, which serves approximately 300 providers globally.
FinSMEs
19/07/2023