When was Beanfield founded?

Beanfield was founded in 1988 and raised its 1st funding round 31 years after it was founded.

Where is Beanfield located?

Beanfield is headquartered in Toronto, Canada.

Who is the current CEO of Beanfield?

Dan Armstrong of Beanfield. They have also founded 1 company.

How many employees does Beanfield have?

As of Sep 30, 2026, the latest employee count at Beanfield is 491.

Is Beanfield a funded company?

Beanfield is a funded company, having raised an undisclosed amount across 2 funding rounds to date. The company's 1st funding round was a $***** PE round, raised on Oct 2019.

When was the latest funding round of Beanfield?

Beanfield's latest funding was a $***** Unattributed round on Jul 18, 2023, with participation from 1 investor. Its primary sector is Photonics. In Canada, the Photonics sector has seen $172M in funding in 2026 to date.

Where does Beanfield rank among its competitors?

Beanfield ranks 14th amongst 157 active competitors, of which 7 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Lumentum, which secured $2B in Mar, 2026.

Who are the top competitors of Beanfield?

Beanfield's top competitors include Broadcom, Ciena and Zayo. Among them, Lumentum secured the most recent funding round in March, 2026.

Beanfield - 2026 Company Profile, Team, Funding & Competitors

Beanfield is an acquired company based in Toronto (Canada), founded in 1988 by Dan Armstrong. It operates as a Fiber optic telecom and TV services provider. Beanfield has raised an undisclosed amount in funding from DigitalBridge and OMERS Infrastructure. The company has 157 active competitors, including 7 funded and 55 that have exited. Its top competitors include companies like Broadcom, Ciena and Zayo.

Company Details

Beanfield Metroconnect (tradename of Beanfield Technologies) is a telecom and TV services provider which caters to residential and business customers in Canada. It offers fiber-optic broadband internet access with data speeds up to 10 Gbps, Ethernet, multiple speed based internet plans, dedicated internet access, local and long distance telephony (with custom calling features including call transfer, voicemail, 3-way calling, caller ID, etc), multiple calling plans, dark fiber, colocation, TV services, leased lines, installation, maintenance, and support services. It provides these services through its own data center and fiber-optic network infrastructure. It also provides cloud connectivity services through the partnership with Google, Aws, Azure, Oracle, Megaport, Salesforce, etc.

Website: www.beanfield.com/
Social
Email ID: *****@beanfield.com
Phone Number: +1 **********

Key Metrics

Founded Year

1988

Location

Toronto, Canada

Stage

Acquired

Latest Funding Round

Unattributed, Jul 18, 2023, $*****

Investors

DigitalBridge & 1 more

Ranked

14^th among 157 active competitors

Employee Count

491 as on Sep 30, 2026

Investment & Acquisitions

Urbanfiber & 3 more

Similar Companies

Broadcom & 175 more

Exit Details

Acquired by DigitalBridge (Nov 12, 2019)

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Beanfield got acquired by DigitalBridge on Nov 12, 2019.

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Beanfield has raised funding over 2 rounds. Its first funding round was on Oct 2019. Its latest funding round was a Unattributed round on Jul 18, 2023 for $*****. 1 investor participated in its latest round. Beanfield has 2 institutional investors.

Here is the list of recent funding rounds of Beanfield:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 18, 2023	7081471	Unattributed	7650190	8716764	7245682	1969309
Oct 2019	5319595	PE	6019952	1189544	DigitalBridge	7597848

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View details of Beanfield's funding rounds and investors

The founders of Beanfield is Dan Armstrong. Dan Armstrong is the CEO of Beanfield.

Here are the details of Beanfield's key team members:

Dan Armstrong: Founder & CEO of Beanfield.

View details of Beanfield's Founder profiles and Board Members

Beanfield's employee count trend

Beanfield has 491 employees as of Sep 26. Here is Beanfield's employee count trend over the years:

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Top competitors of Beanfield include Broadcom, Ciena and Zayo. Here is the list of Top 10 competitors of Beanfield, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Broadcom 1991, California (United States), Acquired	Platform offering data center fiber optic networks	-	Silver Lake, Alcor Fund & 29 others	72/100
2nd	Ciena 1992, Hanover (United States), Public	Provider of networking systems, automation software, components, and related services	-	Western Technology Investment, Worldview Technology Partners ... & 15 others	72/100
3rd	Zayo 2007, Boulder (United States), Acquired	Provider of fiber transport and network connectivity and managed services	$825M	Charlesbank Capital Partners, GTCR & 24 others	68/100
4th	Xtera 1998, Allen (United States), Acquired	Optical and IP networking solutions	$349M	Wellcome Trust, Saints Capital & 21 others	63/100
5th	FiberHome 1999, Wuhan (China), Public	Provider of comprehensive digital network systems, solutions, and related equipment	-	-	60/100
6th	Zhone Technologies 1999, Oakland (United States), Late Stage	Provider of optical telecommunication equipment	$500M	UBS, New Enterprise Associates & 2 others	59/100
7th	Clearfield 1979, Minneapolis (United States), Public	Fiber-optic network deployment, maintenance, and protection solutions provider	-	-	58/100
8th	Optics11 2011, Amsterdam (Netherlands), Series B	Developer of fiber optic sensing solutions	$23.9M	FORWARD.one, TechNano Fund & 5 others	57/100
9th	Lumentum 2015, Milpitas (United States), Public	Manufacturer of lasers and optical communication products	-	Nvidia, Cottonwood Technology Fund	57/100
10th	Juniper Networks 1996, Sunnyvale (United States), Acquired	Provider of AI-Native networking platforms, solutions, and services for various sectors	-	Western Technology Investment, Bondeinvest.com ... & 11 others	57/100
14th	Beanfield 1988, Toronto (Canada), Acquired	Fiber optic telecom and TV services provider	-	DigitalBridge, OMERS Infrastructure	55/100

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Beanfield has not made any investments yet. Beanfield has made 4 acquisitions.

Here is the list of latest three $acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Jul 28, 2022	Acquisition	Urbanfiber	1988	Burnaby (Canada)
Jan 25, 2022	Acquisition	FibreStream	2009	Ottawa (Canada)
Oct 07, 2020	Acquisition	Epik	2001	Toronto (Canada)