Allied Minds has today announced that Federated Wireless has raised $42m in a Series B fund raise. Importantly the round was led by No2 US cable company Charter, No1 US wireless infrastructure owner American Tower and ARRIS a $5bn market cap wifi systems company. The round was done at $79.5m pre money (essentially flat) so a post money valuation of $121.5m. ALM holding will be $63.5m vs $59.9m. ALM invested $9m, Woodford $5m to the $42m.
14 Sep 2017
Federated Wireless Series B
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Federated Wireless Series B
Allied Minds has today announced that Federated Wireless has raised $42m in a Series B fund raise. Importantly the round was led by No2 US cable company Charter, No1 US wireless infrastructure owner American Tower and ARRIS a $5bn market cap wifi systems company. The round was done at $79.5m pre money (essentially flat) so a post money valuation of $121.5m. ALM holding will be $63.5m vs $59.9m. ALM invested $9m, Woodford $5m to the $42m.