What is Aerwave?
Founded in 2019, Aerwave operates as a next-generation connectivity platform specifically engineered for the multifamily residential market. The company addresses the persistent challenges of fragmented network performance in large-scale housing by providing a unified, intelligent connectivity layer. Its platform is designed to simplify complex operational tasks, such as self-guided tours and property-wide WiFi management, while simultaneously enhancing the resident experience through reliable, high-speed internet access. By positioning itself as the backbone of the smart apartment, Aerwave enables property owners to increase asset value while meeting the evolving expectations of a digitally native tenant base. The company's strategic focus on network intelligence ensures that its partners can leverage data-driven insights to optimize building performance and resident satisfaction.
How much funding has Aerwave raised?
Aerwave has raised a total of $20M across 1 funding round:
Series A
$20M
Series A (2022): $20M with participation from Moderne Ventures, Equity Residential, World Cinema, RWT Horizons, and The Westover Companies
Key Investors in Aerwave
Moderne Ventures
Moderne Ventures is a strategic venture capital and growth equity firm that invests in disruptive technology companies within sectors such as Enterprise SaaS, AI, Robotics, Deep tech, and Sustainability.
Equity Residential
Equity Residential is a real estate investment trust that invests in apartments, focusing on providing professionally managed, amenity-rich housing in high-demand urban and coastal markets.
World Cinema
World Cinema provides satellite television programming and connectivity solutions to a wide range of facilities, including hotels, hospitals, and apartment complexes.
What's next for Aerwave?
With the infusion of this latest capital, Aerwave is poised to enter a phase of aggressive market expansion and product development. The company's strategic roadmap likely involves deepening its penetration into high-density urban markets and enhancing its suite of connectivity-as-a-service offerings. By leveraging the expertise of its strategic backers, Aerwave aims to standardize the Digital Foundation model, making it an industry benchmark for multifamily residential developments. Future growth will likely be driven by the continued adoption of smart home technologies and the increasing necessity for robust, reliable internet infrastructure in the rental sector. As Aerwave scales, it will continue to focus on simplifying the complexities of property management through technology, ultimately driving long-term value for both property owners and the residents they serve.
See full Aerwave company page
