NewConnect Receives Investment from Blu Venture Investors

NewConnect, LLC, a Bethesda-based provider of high speed Internet access to commercial buildings and enterprises throughout the greater D.C. market, completed a capital raise, for an undisclosed amount.

Blu Venture Investors, a Virginia-based venture capital firm, made a follow on investment.

The company intends to use the funds for market expansion and accelerate revenue growth.

Led by CEO David Wallis, NewConnect is a Mid-Atlantic Fixed-Wireless Internet Service Provider, which leverages a purpose-built Wireless Fiber network to deliver dedicated Internet access from 20 Mbps to 10 Gbps covering the full spectrum of connectivity needs for businesses, large or small.



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