GigaMonster is a fiber-based broadband company that provides Scary Fast Internet to residents of multi-dwelling communities and commercial buildings, offering symmetrical speeds up to 1 Gbps and low latency. Since launching in 2015, the company has expanded into over 45 markets nationwide. Its unique network architecture is designed to deliver a strong experience for video streamers and online gamers and to add value to real-estate partners via higher occupancies, longer retention, and increased property values. GigaMonster is advancing its Universal Access Network (UAN) offering for buildings and smart districts to address growing demand from 5G, IoT, small cell, CBRS and private LTE deployments. The company intends to provide wireless, carrier-neutral network solutions across buildings and campuses in partnership with its strategic partners. GigaMonster enlisted MVP Capital to assist in its recent capital raise. GigaMonster provides Scary Fast™ symmetrical gigabit internet service to residents of multifamily communities, with claims of very low latency and a network optimized for video streaming and gaming. Since launching as a fiber-based broadband company in 2015 the firm expanded to more than 25 markets and grew its footprint more than six-fold over three years. The company offers 1 Gbps service with no hidden fees, no term commitments, no credit checks and no monthly data caps. In August 2018 GigaMonster completed a $45 million investment and merged with Fibersphere Communications to accelerate nationwide expansion and increase West Coast presence. Management says the new capital will fuel faster growth through acquisitions and organic expansion and allow enhancement of product offerings. GigaMonster emphasizes customer experience and aims to add value to real estate partners via higher occupancies, longer retention and increased property values.

Total raised

$45M

Funding rounds

2

Latest round

Equity

Latest activity

Aug 2018