Towerstream Funding: How Much Did They Raise & Key Investors

How Much Did Towerstream Raise?
Funding & Key Investors

Towerstream, a provider of high-speed internet access for businesses, has recently secured a major strategic investment, contributing to its overall funding of $55.4M. The company's latest financial activity, detailed as a major enterprise-level funding, occurred on April 28, 2020, with the amount of $350K.

What is Towerstream?

Towerstream

Telecommunications

Internet Service Providers, Website Hosting & Internet-related Services

Founded in 1999 and headquartered in Middletown, Rhode Island, Towerstream operates as a fixed-wireless fiber alternative company. It specializes in delivering high-speed internet access solutions tailored for business clients. The company's core offering addresses the growing demand for reliable and fast connectivity in the enterprise sector, positioning it as a key player in the business internet service market.

How much funding has Towerstream raised?

Towerstream has raised a total of $55.4M across 2 funding rounds:

2007

Stock Offering

$55M

2020

Debt

$350K

Stock Issuance/Offering (2007): $55M, investors not publicly disclosed

Debt (2020): $350K led by PPP

Key Investors in Towerstream

PPP

Public-Private Partnership

What's next for Towerstream?

The recent major strategic investment indicates a period of significant growth and potential expansion for Towerstream. This capital infusion is likely to fuel advancements in its fixed-wireless infrastructure, enhance service offerings, and broaden its market reach. The company's focus on providing a fiber alternative suggests a strategic move to capture market share by offering competitive and robust internet solutions to businesses seeking reliable connectivity.

See full Towerstream company page

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