What is Enforta?
Established in October 2003, Enforta's core objective is to deliver broadband services utilizing WiMAX and other advanced technologies across Russia's regional capitals. By the close of 2008, the company, in conjunction with its Moscow-based ART Communications subsidiary, is set to extend its service coverage to 65 cities. Enforta is an active participant in the WiMAX Forum, indicating its commitment to industry standards and development.
How much funding has Enforta raised?
Enforta has raised a total of $40M across 1 funding round:
Series C
$40M
Series C (2008): $40M with participation from Sumitomo Corporation, European Bank for Reconstruction and Development (EBRD), Baring Vostok Capital Partners Group, and Bessemer Venture Partners
Key Investors in Enforta
Sumitomo Corporation
Sumitomo Corporation is a major Japanese integrated trading and investment business enterprise.
European Bank for Reconstruction and Development (EBRD)
The European Bank for Reconstruction and Development (EBRD) is a multilateral bank committed to the development of market-oriented economies and the promotion of the private and entrepreneurial initiatives.
Baring Vostok Capital Partners Group
Baring Vostok is a leading private equity and venture capital firm that focuses on investments in Russia and the CIS region, specializing in growth capital for various sectors.
What's next for Enforta?
The substantial enterprise-level funding and strategic investment received by Enforta signal a strong confidence in its growth trajectory and market potential within the Russian telecommunications sector. This capital infusion is expected to accelerate the company's expansion plans, enabling it to further penetrate regional markets and enhance its technological infrastructure. The focus on WiMAX technology positions Enforta to capitalize on the increasing demand for high-speed internet services.
See full Enforta company page
