Aerwave is a next-generation managed WiFi platform that builds a connectivity foundation for multifamily residential buildings using fiber-based mesh networking and proprietary software. Its product delivers instant-on, gigabit-plus internet and pervasive, seamless WiFi across apartment homes, amenity spaces, and property management areas. Since forming in 2019, Aerwave has deployed across more than 34,000 apartment homes in 28 markets and established partnerships with three of the top five multifamily REIT portfolios and 18% of the NMHC top 50 owners. The company says it expects to continue to double its size in 2025. The recent strategic financing will be used to broaden its footprint and fund product development to advance the platform and support client growth. Aerwave emphasizes customer service from multifamily industry professionals and positions its network to enable smart-home features, self-guided tours, and improved WiFi calling coverage. Aerwave provides a multifamily residential connectivity platform that delivers an instantly-accessible, gigabit-plus internet amenity and reliable connectivity for smart home devices. The company supplies a 10 Gbps fiber backbone to apartment homes, property management teams, and amenity spaces while keeping data secure and encrypted. Aerwave partners with property owners and delivers a customer service experience from a team of multifamily industry professionals. Rental communities in more than 17 markets currently use Aerwave for constant Wi‑Fi connectivity. The company plans to grow into more than 30 total markets within the next 12 months. Aerwave recently raised $20M in a Series A to scale its operating platform and support that expansion.

Total raised

$40M

Funding rounds

2

Latest round

Series B

Latest activity

Sep 2024