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DigitalBridge Raises $11MDigitalBridge Raises $11M

DigitalBridge Communications has raised over $11 million in Series A venture financing

December 11, 2006

1 Min Read
DigitalBridge Raises $11M

ASHBURN, Va. -- DigitalBridge CommunicationsCorp. (DBC), a provider of broadband service to underserved communities,announced today that it has raised over $11 million in Series A venturefinancing and $6.25 million in debt from Comerica Bank. The round wasco-led by Washington, D.C.-area funds RedShift Ventures, CNF Investments,and Novak Biddle Venture Partners, and it included prominent localinvestors Frank Bonsal and Bill Melton. DBC concurrently closed itsacquisition of Teton Wireless and Montana Wireless, providers of wirelesscable and Internet services in Idaho and Montana. DBC will enhance theservice offerings in these markets by adding higher speed data services andexpanding current service areas to include additional communities in theIntermountain West, Midwest and Southeast.

Founded by Kelley Dunne, Bill Wallace, and Joe Kochan in late 2005, DBCdelivers broadband service to underserved communities nationally using newWiMAX technology. WiMAX, an established international standard for wirelesstelecommunications, uses licensed frequencies of radio spectrum to deliverhigh-bandwidth data services capable of self-installation by end users atdistances up to 2 miles. With WiMAX, DBC subscribers will be able to set upservice on their own within a matter of minutes and use their portableservice inside or outside their homes and offices. WiMAX stands forWorldwide Interoperability for Microwave Access and is governed by theWiMAX Forum, formed in June 2001 to promote conformance andinteroperability of the IEEE 802.16 standard. The Forum describes WiMAX as"a standards-based technology enabling the delivery of last mile wirelessbroadband access as an alternative to cable and DSL."

Digital Bridges Ltd.

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