Gigstreem provides managed, property-wide broadband and private Wi‑Fi that removes the need for residents to coordinate with local ISPs or install routers, delivering fast, reliable connectivity across apartment communities. The company serves apartment buildings, residential communities, businesses and events, and its platform enables smart devices and other property technologies that enhance resident experience and operator value. Since its launch in 2017, Gigstreem has grown its footprint to service 52,000 apartment units across 28 markets and plans to launch operations in roughly 40,000 additional apartments in 2023. The firm has expanded via acquisitions (including netBlazr in August 2022) and market entries into Seattle, San Francisco and Dallas. Gigstreem emphasizes local customer support and engineering as part of its service proposition and has used recent capital to scale those capabilities. Recent fundraising and M&A activity are positioned to accelerate national expansion and deepen market share in Texas, Florida, California, Washington and Georgia. GiGstreem is an in-building gigabit internet service provider launched in 2017 and headquartered in New York. It deploys a Ubiquitous WiFi platform that delivers continuous property-wide WiFi coverage on private networks for multifamily, commercial and multi-tenant properties. The platform enables next-generation wireless and technology-enabled services including IoT, smart devices, in-building mobility (including CBRS), Connectivity-as-a-Service and building management systems. GiGstreem currently operates in multiple U.S. East and West Coast markets serving commercial businesses, residential communities and apartment buildings. The company plans to expand across major U.S. cities; the Crestline investment will fund infrastructure deployments to satisfy a stated backlog of demand and support expansion into 15 new metropolitan areas and hundreds of thousands of units. GiGstreem is a portfolio company of RET Ventures and LNC Partners, and Houlihan Lokey acted as exclusive financial advisor on the transaction. GiGstreem delivers fiber and fiber/microwave hybrid internet service to homes, businesses and multifamily properties. Its hybrid model maintains gigabit speeds competitive with pure fiber while reducing costs, offering bandwidths from 100 Mbps to 10 Gigabit and beyond. The company operates a national network serving hundreds of communities in Maryland, Virginia, DC, New York and Florida and cites customers including Buzzfeed, Microsoft, Nike, Samsung and Yahoo. GiGstreem positions its service as a luxury amenity for property owners, helping increase NOI through high-speed reliable internet and customer service. The company said it will use the recently raised funds to accelerate research and development and to expand into new markets. RET Ventures framed the investment around rising demand for constant connectivity in the multifamily industry amid remote work and the 'hotelification' of resident expectations.

Total raised

$119M

Funding rounds

4

Latest round

Equity

Latest activity

Apr 2023