GiGstreem pulls in $10M in Series B funding round led by RET Ventures

networking
GiGstreem, which was founded in 2016, raised $10 million in a Series B round of funding. (Pixabay)

Tyson, Virginia-based GiGstreem raised $10 million in a Series B funding round that was led by RET Ventures, with participation from LNC Partners.

GiGstreem provides residential and commercial internet service through a mesh of fiber-optics and fixed wireless technologies across Baltimore, New York, South Carolina, Orlando and Virginia. It offers broadband speeds from 100 Mbps up to 10 Gbps.

GiGstreem offers temporary connectivity, including Wi-Fi, for events and venues. It also provides direct peering to streaming and cloud content providers. 

Blitz Week

Register for FierceTelecom Blitz Week - June 15-18

As the telecom industry moves forward in the age of new technology, FierceTelecom Blitz week addresses the questions of how platforms, providers, and more will modernize to keep up with these fast-paced changes and their current status of implementing these changes. Join us June 15-18 to dive deep into the world of telecom transformation.

“High-speed, reliable internet service is a non-negotiable in the multifamily industry,” said RET Ventures managing director John Helm, in a statement. “Not only are we seeing the ‘hotelification’ of the industry, where residents expect many of the amenities offered at a high-end hotel, the increasingly prevalent remote workforce and the move away from traditional cable television means that constant connectivity is of the utmost priority."

RELATED: Wireline broadband growth eases as residential connections approach 99 million homes—report

GiGstreem has brand relationships with Sony, Buzzfeed, Google, Microsoft, Samsung, Yahoo and Nike, among others.

Suggested Articles

On Friday, CenturyLink announced it recently finished up a fiber project that connected 14,000 additional homes, in Boulder, Colo. to gigabit speeds.

SD-WAN could emerge as a prime technology that better enables work-from-home (WFH) and work-from-anywhere (WFA) scenarios for enterprises.

Windstream Enterprise has launched a live, web-based chat feature for its OfficeSuite UC Contact Center Services portfolio.