What is Aerwave?
Founded in 2019, Aerwave is at the forefront of evolving network intelligence to create superior connected experiences in multifamily residential buildings. The company's platform is designed to enable the widespread adoption of smart home technologies, simplify the property leasing process through self-guided tours, and establish WiFi calling as a standard feature for its partners. By leading the Digital Foundation transformation, Aerwave is addressing the growing demand for robust and intelligent connectivity solutions in the residential real estate market.
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, RWT Horizons, The Westover Companies, Equity Residential, and World Cinema
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.
The Westover Companies
The Westover Companies is a property management firm with over 50 years of experience, specializing in leasing modern and luxurious apartments across six states. They focus on providing excellent customer service, well-maintained communities, and sustainable living options.
Equity Residential
Equity Residential is a real estate investment trust that invests in apartments, with a portfolio of properties located across the United States. The company is based in Chicago, IL.
What's next for Aerwave?
The recent major strategic investment signals a strong validation of Aerwave's business model and its potential for significant growth. This capital is expected to fuel further expansion of its platform capabilities, enhance its market penetration across the United States, and potentially support strategic partnerships. As Aerwave continues to lead the evolution of network intelligence in multifamily buildings, this funding will likely be instrumental in solidifying its position as a key player in the smart building and connected living ecosystem, driving innovation in how residents experience their homes.
See full Aerwave company page
