Airband is a provider of fixed‑wireless voice and data services for businesses, offering Internet access, data services, VoIP, security and other solutions. The company plans to expand network coverage and capacity in its existing markets and to pursue mergers with or acquisitions of fixed‑wireless providers in other regions. Airband announced it secured $20 million in financing from ABRY Partners, which also took a seat on Airband’s board of directors. Management said the capital will be used to grow network capacity and coverage and to optimize the company’s capital structure. A year earlier Airband merged with Sparkplug, creating one of the largest fixed‑wireless companies in the United States with operations in 17 markets. Airband is a nine-year-old, Dallas-based provider of fixed-wireless broadband, voice-over-IP (VoIP) and other network management services for businesses. It currently serves 3,500 business customers across 14 US markets. The company announced a $3 million sixth-round funding to continue building out its existing network. Investors in this latest round were undisclosed. Airband has raised $73 million to date and last raised $12.5 million in 2007. Past investors include M/C Venture Partners, Crescendo Ventures, Dolphin Equity Partners, Driehaus Capital, Key Venture Partners and Sevin Rosen Funds.

Total raised

$23M

Funding rounds

2

Latest round

Equity

Latest activity

Aug 2011