Aerwave, a Dallas, TX-based provider of a multifamily residential connectivity platform, raised $20M in Series A funding.
The round was led by ModerneVentures, with participation from World Cinema, Equity Residential, RWT Horizons, and WestoverCompanies.
The company intends to use the funds to scale its operating platform and grow into more than 30 total markets within the next 12 months.
Led by CEO Alex Wey, Aerwave partners with property owners to provide multifamily rental communities with an instantly-accessible, gigabit-plus internet amenity, while also enabling reliable connectivity of all smart home devices throughout the property. Today, rental communities in more than 17 markets use Aerwave for the constant Wi-Fi connectivity essential to the efficiency, safety and functionality of their buildings. The company provides a customer service experience from a team of multifamily industry professionals while delivering a 10 Gbps fiber backbone to apartment homes, property management teams, and amenity spaces all while keeping data secure and encrypted.
FinSMEs
02/11/2022