SmartSky Networks Closes over $170m Series B Financing

SmartSky Networks, LLC, a Charlotte, N.C.-based developer of air-to-ground network SmartSky 4G LTE, closed an over $170m multi-tranche Series B financing.

The backers were not disclosed.

The company, which has raised approximately a quarter of a billion dollars in equity capital, will use the funds to deploy its nationwide network.

Formed in 2011 and led by Chairman and CEO Haynes Griffin, SmartSky is deploying a 4G LTE-based broadband high speed wireless air-to-ground data network dedicated to providing airborne internet connectivity.
Working with leading aerospace and technology partners, SmartSky is rolling out its innovative, air-to-ground network, SmartSky 4G LTE, later this year.



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