Gigstreem has raised a $59M funding round to provide high-quality private network internet connections for residential properties.
Crestline Investors led the round.
- Gigstreem raised the funding in two separate rounds, with Crestline providing $19M as the lead investor.
- The company offers its services to 52,000 apartment units in 28 cities across the U.S.
- Gigstream aims to almost double its customer base by adding 40,000 additional apartments in six new markets in 2023.
- In addition to the funding, the company has also announced the acquisition of Atlanta-based internet connection provider GigaMonster Networks.
- The company is based in Tyson's Corner, Virginia.
