The internet service provider (ISP) industry in the US offers crucial access to digital communication, enabling both individuals and businesses to connect online. This sector includes major players like cable and telecommunications companies, as well as emerging ISPs leveraging modern technologies. Beyond just providing internet access, these companies are innovating with enhanced network solutions such as high-speed fiber optics and community Wi-Fi systems. The industry is headed toward competitive advancements, driven by the growing demand for faster internet and expanded broadband access, especially in underserved areas. Additionally, recent trends indicate a shift toward more sustainable and user-centric service models.


The investors listed here represent a mix of private equity and venture capital firms, primarily based in California and New York. Founded between 1911 and 2010, these firms vary significantly in size, from small setups like SV Angel to giants like Goldman Sachs with expansive portfolios. They collectively engaged in 1,262 investments in 2024, banking on the robust potential of internet service providers. With a keen eye on technology-driven startups, their investment philosophies reflect a commitment to both growth and innovation in the internet sector.


Top 19 Internet Service Provider Investors in the US


1. Intel Capital

  • Website: intelcapital.com
  • Type: Venture Capital
  • Headquarters: Santa Clara, California, United States (USA)
  • Founded year: 1991
  • Headcount: 11-50
  • Number of deals in 2024: 23
  • LinkedIn: intelcapital

Intel Capital is a venture capital firm based in Santa Clara, California, founded in 1991. The firm specializes in investing in early-stage technology companies, with a focus on areas such as AI, cloud computing, and semiconductor technologies. Intel Capital provides funding, strategic support, and access to Intel's extensive resources to help startups scale and innovate within the tech ecosystem. Among their notable transactions, Intel Capital invested $253 million in Reliance Jio Platforms, a leading internet service provider in India, acquiring a 0.39% equity stake. This investment highlights their commitment to the telecommunications sector. Additionally, they have invested in Silknet, a telecommunications provider, and Infinet Wireless, which specializes in wireless broadband solutions. These transactions underscore Intel Capital's active role in supporting companies that are integral to the internet service provider industry.


2. Y Combinator

  • Website: ycombinator.com
  • Type: Venture Capital
  • Headquarters: San Francisco, California, United States (USA)
  • Founded year: 2005
  • Headcount: 51-200
  • Number of deals in 2024: 802
  • LinkedIn: y-combinator

Y Combinator is a prominent startup accelerator and venture capital firm based in San Francisco, California, founded in 2005. It provides funding and mentorship to early-stage technology companies through a structured program that includes resources like the Startup School and co-founder matching services. Y Combinator has successfully launched over 4,000 startups, making it a key player in the technology startup ecosystem. Notably, Y Combinator has invested in several companies within the internet service provider sector, including Tizeti, a Nigerian ISP that raised $3 million in a Series A funding round, and $2.1 million in a Seed Round. Additionally, they have participated in funding rounds for other internet-related companies such as Siglo, Somos Internet, and Oxio, further solidifying their role as an investor in the internet service provider industry.


3. Cisco

  • Website: cisco.com
  • Type: Corporate
  • Headquarters: San Jose, California, United States (USA)
  • Founded year: 1984
  • Headcount: 10001+
  • Number of deals in 2024: 5
  • LinkedIn: cisco

Cisco Systems, Inc. is a technology company founded in 1984, headquartered in San Jose, California. It specializes in digital communications and cybersecurity solutions, offering a wide range of products including networking hardware, software, and security services. Cisco has been actively involved in the internet service provider sector through various strategic transactions. Notably, Cisco acquired Linksys Group in 2003 for $500 million, marking its entry into the consumer and small office/home office market, which is crucial for internet connectivity. Additionally, Cisco's acquisition of Procket Networks in 2004 for $89 million highlights its commitment to enhancing routing technologies, essential for internet service delivery. Furthermore, Cisco's early investments in Equinix, which raised significant funding in the late 1990s, demonstrate its long-standing interest in supporting infrastructure that underpins internet services. Overall, Cisco's focus on networking and security solutions positions it as a key investor in the internet service provider industry.


4. Goldman Sachs

  • Website: goldmansachs.com
  • Type: Private Equity
  • Headquarters: New York, New York, United States (USA)
  • Founded year: 1998
  • Headcount: 10001+
  • Number of deals in 2024: 59
  • LinkedIn: goldman-sachs

Goldman Sachs is a prominent investment bank and financial services firm founded in 1998, headquartered in New York, New York. With a workforce of over 10,000 employees, Goldman Sachs provides a wide range of services including investment banking, asset management, and wealth management. The firm serves a diverse clientele, including corporations, financial institutions, and individuals, helping them navigate complex financial challenges and achieve their financial goals. In the context of internet service providers, Goldman Sachs has been involved in significant transactions such as the $45 million funding round for Tikona Digital Networks, aimed at expanding its broadband network, and a £538 million takeover bid for CityFibre, which focuses on wholesale fiber broadband. These investments highlight Goldman Sachs' strategic interest in enhancing internet infrastructure and connectivity, reinforcing its role as a key player in the internet service provider sector.


5. New Enterprise Associates (NEA)

  • Website: nea.com
  • Type: Venture Capital
  • Headquarters: Menlo Park, California, United States (USA)
  • Founded year: 1977
  • Headcount: 51-200
  • Number of deals in 2024: 57
  • LinkedIn: new-enterprise-associates

New Enterprise Associates (NEA) is a prominent venture capital firm based in Menlo Park, California, founded in 1977. NEA specializes in investment management and advisory services for startups, particularly in the technology and healthcare sectors. The firm partners with entrepreneurs to provide funding and strategic guidance, helping them navigate the challenges of building successful businesses. NEA operates through a collaborative approach, emphasizing long-term relationships with founders. Among their notable transactions in the internet service provider context, NEA invested in Boingo Wireless, which raised $10 million in Series B funding in 2003, and Mimosa Networks, which raised $20 million in Series C funding in 2014 to expand its wireless product line. Additionally, NEA participated in Console Connect's funding rounds, which raised significant capital to enhance connectivity solutions. These investments highlight NEA's commitment to supporting innovative companies in the internet service provider space.


6. IFC - International Finance Corporation

  • Website: ifc.org
  • Type: Venture Capital
  • Headquarters: Washington, D.C., District Of Columbia, United States (USA)
  • Founded year: 1956
  • Headcount: 1001-5000
  • Number of deals in 2024: 107
  • LinkedIn: ifclinkedin

The International Finance Corporation (IFC) is a not-for-profit organization established in 1956, headquartered in Washington, D.C. It focuses on private sector development in emerging markets by providing investment, advisory, and asset management services to businesses and financial institutions. IFC aims to foster economic growth and address poverty challenges in over 100 countries. Among its notable transactions in the internet service provider sector, IFC led a $25 million investment in Tikona Digital Networks, which aimed to expand its broadband network across various cities. Additionally, IFC has participated in significant debt financing for other telecommunications companies, including PTCL, Telecom Argentina, and Team Telecom Armenia, showcasing its active role in enhancing internet infrastructure and services in emerging markets.


7. Kkr

  • Website: kkr.com
  • Type: Private Equity
  • Headquarters: New York, New York, United States (USA)
  • Founded year: 1976
  • Headcount: 1001-5000
  • Number of deals in 2024: 74
  • LinkedIn: kkr

KKR & Co. Inc. is a prominent investment firm based in New York, specializing in private equity, credit, infrastructure, and real estate. Founded in 1976, KKR has established itself as a leader in asset management, providing solutions to both institutional investors and individual clients. The firm has a global reach and leverages its extensive expertise to navigate complex investment landscapes. Notably, KKR has been involved in significant transactions within the internet service provider sector, including a $4.6 billion investment in Reliance Jio in 2020, which has transformed the telecommunications landscape in India. Additionally, KKR invested in Singtel, raising $807 million in 2023, and has supported Starry Internet through multiple funding rounds, including a $30 million raise in 2016. These transactions highlight KKR's active role in the internet service provider industry, alongside their broader investment strategy.


8. 500 Global

  • Website: 500.co
  • Type: Venture Capital
  • Headquarters: San Francisco, California, United States (USA)
  • Founded year: 2010
  • Headcount: 201-500
  • Number of deals in 2024: 98
  • LinkedIn: 500-startups

500 Global is a venture capital firm and startup accelerator founded in 2010, based in San Francisco, California. The firm specializes in investing in early-stage technology companies, providing not only funding but also mentorship and resources to help founders scale their businesses. Among their notable transactions, they have invested in WiFi Chua, which raised $150,000 in a seed round in 2016, directly linking them to the internet service provider industry. Other investments include Tello Applications and Transcelestial Technologies, which, while not exclusively internet service providers, operate in technology sectors that may intersect with internet services. This diverse portfolio showcases their commitment to supporting innovative startups across various technology domains.


9. Accel

  • Website: accel.com
  • Type: Venture Capital
  • Headquarters: Palo Alto, California, United States (USA)
  • Founded year: 1983
  • Headcount: 51-200
  • Number of deals in 2024: 101
  • LinkedIn: accel-vc

Accel is a venture capital firm founded in 1983, based in Palo Alto, California, specializing in investing in startups and early-stage companies primarily in the technology sector. With a global presence that includes offices in London, India, and China, Accel has made significant investments across various technology domains. Among their notable transactions, Accel invested in Omneon, which raised $10.5 million in 2004 and $23.7 million in a Series B round in 1999, indicating their commitment to companies that enhance media delivery and internet services. Additionally, they invested in Cambridge Broadband Networks, which raised $16.5 million, further showcasing their interest in companies that contribute to broadband and internet infrastructure. These investments highlight Accel's relevance in the internet service provider context, as they support technologies that are integral to the industry.


10. Silicon Valley Bank

  • Website: svb.com
  • Type: Venture Capital
  • Headquarters: Santa Clara, California, United States (USA)
  • Founded year: 1983
  • Headcount: 5001-10000
  • Number of deals in 2024: 31
  • LinkedIn: silicon-valley-bank

Silicon Valley Bank is a commercial bank founded in 1983, located in Santa Clara, California, that specializes in providing financial services to the innovation economy, particularly tech startups and venture capital firms. They offer a range of products including business banking, global payments, and asset management, helping clients navigate financial challenges and support their growth. Notably, Silicon Valley Bank has been involved in several transactions relevant to the internet service provider sector, such as a $50 million investment in Boingo Wireless, a company that provides wireless internet services, and a $15 million investment in Global Telecom & Technology (GTT), which offers telecom and internet services. These transactions highlight their active role in supporting companies that are integral to the internet service provider industry.


11. Bessemer Venture Partners

  • Website: bvp.com
  • Type: Venture Capital
  • Headquarters: San Francisco, California, United States (USA)
  • Founded year: 1911
  • Headcount: 11-50
  • Number of deals in 2024: 78
  • LinkedIn: bessemer-venture-partners

Bessemer Venture Partners is a venture capital firm founded in 1911, based in San Francisco, California. The firm specializes in providing funding and investment management services to startups and growth-stage companies across various sectors, including technology and healthcare. Bessemer has been involved in several notable transactions relevant to the internet service provider context, such as their investments in Qwilt, which raised significant funding to enhance its video delivery solutions for network operators, and Sonus Networks, which focuses on providing voice and data solutions for telecommunications. These investments highlight Bessemer's commitment to supporting companies that play a crucial role in the internet infrastructure and service landscape.


12. Qualcomm Ventures

  • Website: qualcommventures.com
  • Type: Venture Capital
  • Headquarters: San Diego, California, United States (USA)
  • Founded year: 2000
  • Headcount: 10001+
  • Number of deals in 2024: 18
  • LinkedIn: qualcomm-ventures

Qualcomm Ventures is a venture capital firm based in San Diego, California, founded in 2000. The firm specializes in investing in early to growth stage technology companies, particularly within the wireless ecosystem. They provide capital and strategic support to startups across various sectors, including automotive, digital health, and IoT. Notably, Qualcomm Ventures has made significant investments in the internet service provider sector, including a $97 million investment in Reliance Jio, a major telecommunications provider in India, and multiple funding rounds for Fon, a company focused on Wi-Fi sharing and community networks. These transactions highlight Qualcomm Ventures' commitment to supporting companies that enhance internet connectivity and services.


13. Morgan Stanley

  • Website: morganstanley.com
  • Type: Venture Capital
  • Headquarters: New York, New York, United States (USA)
  • Founded year: 1986
  • Headcount: 10001+
  • Number of deals in 2024: 79
  • LinkedIn: morgan-stanley

Morgan Stanley is a leading investment bank and financial services firm founded in 1986, headquartered in New York, New York. The firm offers a comprehensive range of services, including wealth management, investment banking, and capital markets, catering to individuals, families, corporations, and governments. With a global presence and a strong focus on tailored financial solutions, Morgan Stanley has made significant investments in various sectors, including the internet service provider industry. Notable transactions include their acquisition of a 49.99% stake in Altice USA's Lightpath fiber enterprise business, which highlights their strategic interest in fiber-optic communications. Additionally, Morgan Stanley was involved in Zayo's $128 million private equity round, further emphasizing their engagement in the bandwidth infrastructure market. These investments reflect Morgan Stanley's commitment to supporting and growing internet service providers, alongside their broader investment portfolio.


14. General Catalyst


General Catalyst is a venture capital firm founded in 2000, based in San Francisco, California. The firm specializes in early-stage and growth investments, providing capital and strategic guidance to startups and growth-stage companies across various industries, including technology and healthcare. Among their notable transactions, General Catalyst led a $25 million Series B funding round for Common Networks, a wireless internet service provider, which highlights their commitment to the internet service provider sector. They have also participated in funding rounds for other technology companies, such as Spark Mobile and Highway 9 Networks, further showcasing their active role in the tech industry. With a total of 144 investments in 2024, General Catalyst continues to support innovative companies that are shaping the future of technology and internet services.


15. Google

  • Website: google.com
  • Type: Corporate
  • Headquarters: Mountain View, California, United States (USA)
  • Headcount: 10001+
  • Number of deals in 2024: 32
  • LinkedIn: google

Google, a corporate investor based in Mountain View, California, is known for its diverse portfolio and significant investments in various sectors, including technology and telecommunications. One of its notable transactions includes acquiring a 7.73% stake in Jio Platforms for approximately $4.5 billion, which is part of its $10 billion India digitisation fund aimed at enhancing digital infrastructure in India. This investment highlights Google's commitment to expanding internet access in emerging markets. Additionally, Google acquired Webpass in 2016, a company that provides high-speed internet services, further emphasizing its interest in the internet service provider sector. Google has also invested in Fon, a Spanish start-up focused on building a global Wi-Fi network, through multiple funding rounds, showcasing its ongoing interest in enhancing internet connectivity. Overall, Google is actively involved in the internet service provider industry through strategic investments that align with its broader mission of making information universally accessible.


16. SV Angel

  • Website: svangel.com
  • Type: Venture Capital
  • Headquarters: San Francisco, California, United States (USA)
  • Founded year: 2009
  • Headcount: 1-10
  • Number of deals in 2024: 44
  • LinkedIn: sv-angel

SV Angel is a venture capital firm based in San Francisco, California, founded in 2009. They specialize in investing in early-stage and growth-stage technology companies, providing not only financial backing but also strategic advice and access to a vast network of industry experts. Among their notable transactions, SV Angel invested in Ooma, which raised $18 million in Series B funding, a company that offers voice over IP services, indicating their involvement in the internet service provider space. Additionally, they participated in the funding of Helium, a peer-to-peer wireless network that raised $15 million in Series C funding, further showcasing their interest in internet service-related technologies. Other investments include Tello Applications and RouteThis, which, while not directly internet service providers, contribute to the broader technology ecosystem that supports internet services.


17. Government of Canada

  • Website: canada.ca
  • Type: Corporate
  • Headquarters: Canada, Kentucky, United States (USA)
  • Founded year: 1999
  • Headcount: 10001+
  • Number of deals in 2024: 137
  • LinkedIn: government-of-canada

The Government of Canada is a public entity that provides a wide range of services and information to Canadian citizens and residents, addressing various needs including employment, immigration, health care, and taxation. Founded in 1999, it operates through multiple departments and agencies to ensure access to essential services and support for individuals and businesses across the country. In the context of internet service provision, the Government of Canada has been involved in several significant transactions, providing grants to key players in the industry. For instance, it granted $2,400,000 to Cogeco Cable in March 2023, $54,000,000 and $879,798 to Rogers Communications in July and September 2023 respectively, and $13,000,000 to Bell Canada in March 2023. Additionally, it provided $181,244 to CCAP Câble in June 2022. These investments reflect the government's role in fostering the growth and development of internet services in Canada.


18. Warburg Pincus LLC

  • Website: warburgpincus.com
  • Type: Private Equity
  • Headquarters: New York, New York, United States (USA)
  • Founded year: 1966
  • Headcount: 501-1000
  • Number of deals in 2024: 24
  • LinkedIn: warburg-pincus

Warburg Pincus LLC is a leading global private equity firm specializing in growth investments, founded in 1966 and based in New York, New York. With over $83 billion in assets under management, the firm partners with management teams across various sectors, including healthcare, technology, and financial services. Warburg Pincus has a diverse portfolio of more than 225 companies worldwide. Notably, the firm has made significant investments in the internet service provider sector, including a $250 million investment in Converge ICT Solutions Inc., which aims to build a $1.8 billion nationwide internet backbone in the Philippines. Additionally, Warburg Pincus acquired T-Mobile NL for over $6 billion, enhancing its presence in telecommunications. The firm also acquired Community Fibre, a leading full-fibre broadband provider in London, to support the delivery of high-speed broadband to one million households by 2023. These transactions highlight Warburg Pincus's strategic focus on enhancing internet services and infrastructure.


19. Oak Investment Partners

  • Website: oakvc.com
  • Type: Venture Capital
  • Headquarters: Wilton, Connecticut, United States (USA)
  • Founded year: 1978
  • Headcount: 11-50
  • LinkedIn: oak-investment-partners

Oak Investment Partners is a venture capital firm based in Wilton, Connecticut, founded in 1978. The firm specializes in providing growth equity and strategic assistance to high-growth companies across various sectors, including technology and healthcare. With over $9 billion invested in more than 525 companies, Oak has a strong track record of fostering innovation and transforming business practices. Notably, they have been involved in significant transactions within the internet service provider sector, particularly with Cogent Communications Group, where they participated in multiple funding rounds from Series A to Post-IPO equity, totaling over $200 million. Additionally, their investment in Tikona Digital Networks, aimed at expanding broadband services, highlights their active role in the internet service provider landscape.



Internet Service Provider Insights: Key Investors in the US


InvestorHeadquarterSizeFoundedDeals 2024
Intel CapitalSanta Clara, California, United States (USA)11-50199123
Y CombinatorSan Francisco, California, United States (USA)51-2002005802
CiscoSan Jose, California, United States (USA)10001+19845
Goldman SachsNew York, New York, United States (USA)10001+199859
New Enterprise Associates (NEA)Menlo Park, California, United States (USA)51-200197757
IFC - International Finance CorporationWashington, D.C., District Of Columbia, United States (USA)1001-50001956107
KkrNew York, New York, United States (USA)1001-5000197674
500 GlobalSan Francisco, California, United States (USA)201-500201098
AccelPalo Alto, California, United States (USA)51-2001983101
Silicon Valley BankSanta Clara, California, United States (USA)5001-10000198331
Bessemer Venture PartnersSan Francisco, California, United States (USA)11-50191178
Qualcomm VenturesSan Diego, California, United States (USA)10001+200018
Morgan StanleyNew York, New York, United States (USA)10001+198679
General CatalystSan Francisco, California, United States (USA)51-2002000144
GoogleMountain View, California, United States (USA)10001+32
SV AngelSan Francisco, California, United States (USA)1-10200944
Government of CanadaCanada, Kentucky, United States (USA)10001+1999137
Warburg Pincus LLCNew York, New York, United States (USA)501-1000196624
Oak Investment PartnersWilton, Connecticut, United States (USA)11-5019780


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