What is Everstream?
Founded in 2014 and headquartered in Cleveland, Ohio, Everstream is dedicated to delivering robust network services to businesses. Their offerings include fiber-based Ethernet, high-speed Internet access, and comprehensive data center solutions. The company's focus on providing reliable and scalable connectivity positions it as a key player for enterprises requiring advanced network infrastructure to support their operations and growth strategies.
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 J.P. Morgan Asset Management and M/C Partners
Debt (2020): $342.5M led by TD Bank, Regions Financial Corp., Webster Bank, Fifth Third Bank, and CoBank
Debt (2021): $140M supported by Webster Bank, Regions Financial Corp, Fifth Third Bank, CoBank, and TD Bank
Debt (2022): $1B featuring Vantage Infrastructure, SMBC Group, Societe Generale, CoBank, DigitalBridge Credit, Macquarie, ING, Santander, RBC, Natixis, and TD Bank Group
Key Investors in Everstream
TD Bank Group
TD Bank Group, a major financial institution, provides a wide array of financial products and services, including wholesale banking and capital markets, indicating a strategic interest in supporting large-scale infrastructure financing.
Vantage Infrastructure
Vantage Infrastructure is an independent specialist focused on sustainable investment solutions within the infrastructure sector, suggesting a long-term commitment to capital-intensive projects like network expansion.
M/C Partners
M/C Partners is a private equity firm specializing in digital infrastructure and technology services, indicating a focus on growth-stage companies within the technology and communications sectors.
What's next for Everstream?
The substantial enterprise-level funding, particularly the recent strategic investment, indicates Everstream is poised for significant expansion and service enhancement. This capital infusion is likely to fuel network buildouts, technological advancements, and potentially market penetration into new geographies. The company's trajectory suggests a focus on scaling its operations to meet the increasing demand for high-capacity, low-latency network services, solidifying its role as a critical infrastructure provider for businesses.
See full Everstream company page
