Tower Cloud Closes $20M Venture Capital Funding

Tower Cloud, Inc., a provider of backhaul services to wireless carriers, closed a $20m equity round.
The round included funding from the company’s current investors, including Sutter Hill Ventures and El Dorado Ventures, and from a new investor group led by Cam Lanier including Ballast Point Ventures, Kinetic Ventures, Knology, Inc., ITC Partners Fund, Noro-Moseley Partners, and The Burton Partnership.
The funds will be used to fund expansion into Atlanta, GA and exploit other growth opportunities.
Founded in 2006, Tower Cloud, which currently operates backhaul networks in the greater Orlando, FL and Miami, FL markets and is in the process of constructing a new network in Atlanta, GA, is headquartered in St. Petersburg, FL.

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