What is Everstream?
Founded in 2014 and based in Cleveland, Ohio, Everstream operates as a network service provider, delivering essential connectivity solutions including fiber-based Ethernet, high-speed Internet, and robust data center services to businesses. The company's focus on providing reliable and scalable network infrastructure positions it as a key player in the business telecommunications sector, catering to the increasing demand for high-bandwidth services critical for modern enterprise operations.
How much funding has Everstream raised?
Everstream has raised a total of $1.5B across 4 funding rounds:
Private Equity
$50M
Debt
$342.5M
Debt
$140M
Debt
$1B
Private Equity (2015): $50M with participation from M/C Partners and J.P. Morgan Asset Management
Debt (2020): $342.5M led by Fifth Third Bank, CoBank, TD Bank, Webster Bank, and Regions Financial Corp.
Debt (2021): $140M supported by TD Bank, Fifth Third Bank, CoBank, Regions Financial Corp, and Webster Bank
Debt (2022): $1B featuring TD Bank Group, DigitalBridge Credit, Santander, Macquarie, Vantage Infrastructure, Societe Generale, CoBank, SMBC Group, ING, Natixis, and RBC
Key Investors in Everstream
M/C Partners
M/C Partners is a private equity firm specializing in digital infrastructure and technology services, targeting lower mid-market businesses with scalable unit economics and durable market trends.
TD Bank
TD Bank, part of the Toronto-Dominion Bank, offers a wide array of financial products and services, including wholesale banking and capital markets, supporting corporate and investment banking needs.
Santander
Banco Santander is a global financial services company providing a variety of retail and commercial banking products and services, with a significant presence in international markets.
What's next for Everstream?
With substantial enterprise-level funding and a recent major strategic investment, Everstream is poised for accelerated expansion. The company is likely to leverage this capital to enhance its network footprint, potentially through further fiber deployment, acquisitions, or technological upgrades. This strategic financing suggests a focus on solidifying its market share and increasing its competitive edge in the business connectivity landscape, aiming to capture a larger segment of the enterprise market seeking advanced network solutions.
See full Everstream company page
