GiGstreem, a NYC-based in-building gigabit internet service provider, secured a $50m investment from Crestline Investors, Inc.
The deal will support the company’s continued growth strategy in deploying its Ubiquitous WiFi platform to multifamily properties across major cities throughout the U.S.
Launched in 2017 by CEO Joel McIntyre, GiGstreem is a gigabit internet service provider that currently operates in multiple U.S. East and West Coast markets providing services to commercial business, residential communities and apartment buildings. With its technology, the company offers entire buildings and communities continuous property-wide WiFi coverage on their own private network, which in turn facilitates the next generation of wireless and technology-enabled services including IoT, smart devices, in-building mobility (including CBRS and Connectivity-as-a-Service) and building management systems.
It is a portfolio company of RET Ventures and LNC Partners.