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 Aug 31, 2026, the latest employee count at Beanfield is 487.

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.

Where does Beanfield rank among its competitors?

Beanfield ranks 16th amongst 152 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 Optics11, which secured $29.1M in Jan, 2026.

Who are the top competitors of Beanfield?

Beanfield's top competitors include Broadcom, Ciena and Zayo. Among them, Optics11 secured the most recent funding round in January, 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 152 active competitors, including 7 funded and 56 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

16^th among 152 active competitors

Employee Count

487 as on Aug 31, 2026

Investment & Acquisitions

Urbanfiber & 3 more

Similar Companies

Broadcom & 170 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	4538989	Unattributed	8628375	7615763	2753884	8153293
Oct 2019	9205555	PE	5129704	9885068	DigitalBridge	1622306

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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 487 employees as of Aug 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), Public	Platform offering data center fiber optic networks	-	Silver Lake, Alcor Fund & 27 others	77/100
2nd	Ciena 1992, Hanover (United States), Public	Provider of networking systems, automation software, components, and related services	-	Western Technology Investment, Worldview Technology Partners ... & 13 others	71/100
3rd	Zayo 2007, Boulder (United States), Acquired	Provider of fiber transport and network connectivity and managed services	$825M	Charlesbank Capital Partners, GTCR & 24 others	67/100
4th	Xtera 1998, Allen (United States), Acquired	Optical and IP networking solutions	$349M	Wellcome Trust, Saints Capital & 21 others	61/100
5th	Panduit 1955, Tinley Park (United States), Unfunded	Platform offering data center peripherals	-	-	61/100
6th	Everstream 2006, Cleveland (United States), Acquired	Heads-up displays for augmented reality	$50M	JPMorgan Chase, DigitalBridge & 4 others	60/100
7th	Optics11 2011, Amsterdam (Netherlands), Series B	Developer of fiber optic sensing solutions	$23.9M	FORWARD.one, TechNano Fund & 5 others	60/100
8th	FiberHome 1999, Wuhan (China), Public	Provider of comprehensive digital network systems, solutions, and related equipment	-	-	60/100
9th	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	59/100
10th	Finisar 1988, Sunnyvale (United States), Acquired	Fiber optic subsystems and components provider	-	Apple, TA Associates & 8 others	59/100
16th	Beanfield 1988, Toronto (Canada), Acquired	Fiber optic telecom and TV services provider	-	DigitalBridge, OMERS Infrastructure	53/100

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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)