What is Starry?
Starry, Inc. operates as a next-generation fixed wireless broadband provider, fundamentally reimagining how internet services are delivered to residential and commercial buildings. By utilizing advanced millimeter-wave technology, the company bypasses the limitations of legacy cable and fiber infrastructure, beaming high-speed data directly to base stations. This approach not only simplifies the deployment process but also enhances the end-user experience by providing lightning-fast, low-latency connectivity. Starry's market position is defined by its focus on customer-centric service design, aiming to eliminate the friction typically associated with traditional ISP models.
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 FirstMark Capital, Quantum Strategic Partners, iac ventures, and KKR
Private Equity (2017): $31M, investors not publicly disclosed
Series C (2018): $100M featuring HLVP, Quantum Strategic Partners, FirstMark Capital, KKR, Tiger Global, and IAC
Debt (2020): $350K backed by PPP
Key Investors in Starry
FirstMark Capital
FirstMark is an early-stage venture capital firm headquartered in New York City. The firm backs exceptional founders and provides a platform designed to accelerate growth through transformative access to networks, customers, and top talent.
KKR
KKR is a global investment firm investing across private markets in every asset class all over the world, with a mission to fortify companies and communities and help secure the futures of the institutions and individuals counting on them.
IAC
IAC/InterActiveCorp operates as a diversified media and Internet company, managing a portfolio of brands across various digital segments including applications, publishing, and consumer services.
What's next for Starry?
With the recent $350K in strategic financing, Starry is well-positioned to accelerate its network densification and geographic footprint. The company's focus will likely shift toward optimizing its proprietary hardware stack and expanding its service coverage to reach a broader demographic of urban subscribers. As the telecommunications industry pivots toward 5G and decentralized connectivity solutions, Starry's ability to execute on its infrastructure rollout will be the primary determinant of its long-term market dominance. Investors will be closely monitoring the company's operational efficiency and its ability to maintain high customer retention rates in an increasingly crowded connectivity market.
See full Starry company page
