• Tower Cloud

  Participated · Equity · Jun 2012

  Tower Cloud provides wireless carriers with fiber optic and wireless backhaul networks, leveraging pure Ethernet broadband technologies. The company operates a fiber-focused network to backhaul voice, video and data from cell sites. Founded in 2006 and based in St. Petersburg, Florida, it currently operates backhaul networks in major markets throughout Georgia, Florida, Alabama and South Carolina. It is building additional networks to support national and regional wireless carriers. On June 26, 2012, Tower Cloud closed a $17M equity funding round led by the Florida Opportunity Fund with participation from multiple existing investors. The company intends to use the capital to continue to expand throughout Florida, Georgia, South Carolina, and Alabama. Tower Cloud operates a fiber-focused network that backhauls voice, video and data from cell sites for wireless carriers using pure Ethernet broadband technologies. The company secured $49M in additional equity to fund growth. The capital will be used to expand into new markets across Florida, Georgia, South Carolina and Alabama. The round was led by current investors the Burton Partnership and Knology with participation from multiple institutional backers. Tower Cloud was founded in 2006 and is led by Chairman, CEO and President Ron Mudry and CTO Tom Guard. The financing strengthens the company’s balance sheet to support regional network expansion. Tower Cloud provides backhaul services to wireless carriers, operating networks in the greater Orlando and Miami markets. The company is in the process of constructing a new network in Atlanta. It closed a $20M equity financing to support its expansion plans. The funds will be used to fund expansion into Atlanta and to pursue other growth opportunities. Tower Cloud was founded in 2006 and is headquartered in St. Petersburg, FL.

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