What is Starry?
Starry operates as a fixed wireless broadband Internet service provider, leveraging millimeter-band LMDS connections, often referred to as 5G fixed wireless, to deliver high-speed internet to customers. The company's technology is designed to offer a superior internet experience by beaming fast connections directly to buildings. Starry aims to enhance the user's internet life through its innovative approach to connectivity, differentiating itself from traditional broadband providers.
How much funding has Starry raised?
Starry has raised a total of $187.3M across 5 funding rounds:
Series A
$26M
Series B
$30M
Private Equity
$31M
Series C
$100M
Debt
$350K
Series A (2015): $26M, investors not publicly disclosed
Series B (2016): $30M led by Quantum Strategic Partners, KKR, iac ventures, and FirstMark Capital
Private Equity (2017): $31M, investors not publicly disclosed
Series C (2018): $100M featuring HLVP, Tiger Global, FirstMark Capital, KKR, Quantum Strategic Partners, and IAC
Debt (2020): $350K backed by PPP
Key Investors in Starry
Quantum Strategic Partners
Quantum Strategic Partners is an investment entity that has participated in Starry's funding rounds, suggesting a strategic interest in the telecommunications and technology sectors.
KKR
KKR is a global investment firm known for its broad investment strategies across various asset classes, indicating a significant backing for Starry's growth and market expansion.
iac ventures
IAC Ventures is an advisory and investment firm focused on supporting innovative companies, aligning with Starry's technological advancements in the internet service sector.
What's next for Starry?
The substantial enterprise-level funding and recent strategic investment indicate Starry is in a significant scaling phase. This capital will likely be deployed to expand its network infrastructure, enhance its proprietary technology, and broaden its customer base. The company's focus on next-generation fixed wireless technology positions it to capture market share in areas underserved by traditional fiber or cable internet, suggesting a strategic push towards becoming a dominant player in the broadband market.
See full Starry company page
