What is Aerwave?
Founded in 2019, Aerwave is pioneering the next generation of connectivity platforms, driving the Digital Foundation transformation across U.S. multifamily residential buildings. The company is dedicated to evolving network intelligence to create a superior connected experience. This includes enabling smart home functionalities, streamlining the process of self-guided tours, and making WiFi calling a standard feature for its partners. Aerwave's innovative approach positions it as a leader in the smart building technology market, addressing the increasing demand for integrated and intelligent residential infrastructure.
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, World Cinema, Equity Residential, 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. The firm focuses on multi-vertical technology companies that target large markets including real estate, insurance, and finance, creating value for its strategic partners and investors.
World Cinema
World Cinema founded in 1974 and headquartered in Houston, Texas, provides satellite television programming to hotels, hospitals, assisted living facilities, military bases, and apartment complexes.
Equity Residential
Founded in 1969, Equity Residential is a real estate investment trust that invests in apartments. The company is based in Chicago, IL with additional locations across the US.
What's next for Aerwave?
The substantial enterprise-level capital infusion, including the recent strategic investment, signals Aerwave's readiness for accelerated growth and market expansion. This financing is expected to fuel further development of its advanced connectivity solutions, enhance its operational capabilities, and broaden its market reach within the multifamily sector. Aerwave is poised to solidify its position as a key enabler of smart living environments, leveraging this backing to innovate and scale its offerings, thereby driving the future of connected residential experiences.
See full Aerwave company page
