What is Starry?
Starry Internet operates as a fixed wireless broadband Internet service provider, utilizing millimeter-band LMDS connections, often categorized as 5G fixed wireless, to establish connections between its base stations and customer buildings. The company's core mission is to deliver lightning-fast internet through innovative technology, aiming to enhance the user's internet experience. This approach positions Starry as a disruptive force in the traditional broadband market, offering an alternative to established cable and fiber 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 FirstMark Capital, KKR, Quantum Strategic Partners, and iac ventures
Private Equity (2017): $31M, investors not publicly disclosed
Series C (2018): $100M featuring IAC, KKR, Tiger Global, FirstMark Capital, HLVP, and Quantum Strategic Partners
Debt (2020): $350K backed by PPP
Key Investors in Starry
FirstMark Capital
FirstMark Capital is a venture capital firm specializing in early-stage technology companies, known for its strategic investments in disruptive businesses.
KKR
KKR is a global investment firm with a broad focus across various asset classes, known for its significant capital backing of growth-stage companies.
iac ventures
iac ventures is an advisory and investment firm that supports startups and growth-stage companies, often focusing on technology and innovation.
What's next for Starry?
The recent major strategic investment in Starry signals a pivotal phase for the company, likely focused on scaling its infrastructure, expanding its service footprint, and further developing its proprietary technology. With a history of enterprise-level funding, Starry appears poised to accelerate its market penetration and challenge incumbent broadband providers. Future developments may include strategic partnerships, technological advancements in fixed wireless access, and increased competition in urban and suburban markets. The company's ability to execute on its expansion plans will be critical in solidifying its position as a key player in the evolving internet service landscape.
See full Starry company page
