Tower Cloud Closes $17M Equity Funding
Tower Cloud, Inc., a St. Petersburg, FL-based wireless backhaul services provider, has closed a $17m equity funding.
The round was led by new investor the Florida Opportunity Fund, with participation from existing investors including Sutter Hill Ventures, El Dorado Ventures, The Burton Partnership, Knology Inc., The Florida Growth Fund, Ballast Point Ventures, Kinetic Ventures, ITC Partners Fund, Noro-Moseley Partners and CLR Partners.
The company intends to use the capital to continue to expand throughout Florida, Georgia, South Carolina, and Alabama.
Founded in 2006, Tower Cloud provides wireless carriers with fiber optic and wireless backhaul networks. Leveraging pure Ethernet broadband technologies, the company operates a fiber-focused network to backhaul voice, video and data from cell sites.
It currently operates backhaul networks in major markets throughout Georgia, Florida, Alabama and South Carolina and is building additional networks to support national and regional wireless carriers.