AirBand closed a new round of $8 million in funding

February 21, 2006

1 Min Read

DALLAS -- airBand Communications, Inc., the largest fixed wireless company for business customers in the United States, announced today that it closed a new round of $8 million in funding. Key Venture Partners led the round with participation from existing investors Sevin Rosen Funds, Crescendo Ventures and Dolphin Equity Partners.

“This investment validates the disruptive role fixed wireless technology will play in the telecom industry as we begin to deliver a broader bundle of services across the network with economics that traditional providers can’t touch,” said airBand President and CEO Mark Spagnolo. “We intend to use the funding to significantly broaden our offerings, expand our footprint and deliver truly integrated services over our wireless network.”

“airBand is uniquely positioned to provide enterprises with both a scalable broadband connection as well as the applications that increase their need for bandwidth,” said Ted Mocarski, Managing Director at Key Venture Partners. “We are confident that Mark and his team will secure a strong foothold with the enterprise segment based on their successful track record in building networks, driving sales and embracing customers.”

Ted Mocarski, Managing Director at Key Venture Partners, will join airBand’s Board of Directors. Mocarski has 17 years of investment and legal experience with a focus on communications, data services and information technology businesses.

Airband Communications Inc.

Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.

You May Also Like