Connectivity platform to significance strategic financing for product innovation, endured expansion

HOUSTON, Sept. 17, 2024 /PRNewswire/ — Aerwave, a next-generation controlled WiFi platform reworking connectivity within the multifamily trade, these days introduced $20 million of Layout B funding from strategic companions. Moderne Ventures and a S&P 500 REIT, led this fresh spherical, joined by way of Dominicus Wi-fi.

“With this round of funding, we are poised to broaden our footprint in the multifamily space, and fuel new product developments to enhance our current industry-leading offerings, enabling our customers to thrive in an increasingly competitive market by exceeding residents’ digital expectations,” mentioned Jeff Kok, govt officer of Aerwave. “This funding will augment our dedication to excellence and innovation, and we look forward to continued leadership transforming the digital landscape of today’s apartment communities.”

Since launch in 2019, Aerwave has accumulated a rising portfolio of greater than 34,000 condo houses spanning 28 markets around the folk. The corporate’s fresh spherical of capital will serve the assets vital to help the development of Aerwave’s platform, in addition to endured shopper expansion.

“We are thrilled to continue our partnership with Aerwave and accelerate the company’s next phase of growth,” mentioned Constance Freedman, Founder and Managing Spouse, Moderne Ventures. “Successful digitization and the future of AI requires a robust Wi-Fi infrastructure backed with dependable service to meet the evolving needs of today’s consumers and businesses. Aerwave’s impressive expansion and vast customer base is a testament to their differentiated approach and dedication to enhancing the modern telecom infrastructure around the globe.”

Having established partnerships with 3 of the peak 5 multifamily REIT portfolios, in addition to 18% of the NMHC peak 50 homeowners, Aerwave expects to proceed to double its measurement in 2025 by way of riding expansion with MANAGED WI-FI: FOR OWNERS, BY OWNERS^™.

“As we continue to expand our industry presence, our commitment to providing a trusted product backed by superior service has never been stronger,” Kok mentioned. “Earning the trust of our clients and the multifamily industry is paramount.”

Aerwave’s cutting edge product, a connectivity understructure for actual property, makes use of fiber-based mesh networking and proprietary instrument to serve multifamily communities with instant-on, gigabit-plus web that guarantees a popular and seamless WiFi connection all through all of the feature.

About Moderne Ventures
Moderne Ventures is a strategic mission capital and expansion fairness company with greater than $500M belongings below control and a 16-year observe file producing top-tier returns throughout a couple of budget. Moderne is a generalist investor with a vertical manner interested by generation firms in and across the multi-trillion-dollar industries like actual property, finance, insurance coverage, and sustainability – which produce up ~20% of america GDP and are ripe for innovation and disruption. The Capitaltreasury specializes in firms that pertain each to those verticals and that may additionally increase past those industries to seize greater markets and top-tier mission returns.

Moderne differentiates itself by way of bringing shoppers to its portfolio firms. Moderne has each a Capitaltreasury and an Trade Immersion Program, the Moderne Passport, designed to foster innovation, partnership and expansion between trade companions and rising generation firms. Moderne has constructed an strange community of over 1,500 executives and companies inside its core industries and programmatically connects its portfolio to the trade community to backup generate expansion for the portfolio. Moderne has invested in over 150 firms throughout 3 budget and constructed a stellar observe file via making an investment in firms like DocuSign, Caribou, Homesnap, ICON, Measurabl, Proof, Porch, Qloo, and Xeal.

About Aerwave
Aerwave, Inc. is a next-generation controlled WiFi platform well-known the transformation of the connectivity understructure in multifamily residential constructions throughout america. Aerwave supplies an unheard of customer support revel in from a workforce of multifamily trade pros generation handing over fiber backbones to condo houses, feature control groups and amenity areas all generation maintaining information store and encrypted. Aerwave is well-known the evolution of community prudence for a better-connected revel in by way of enabling the ingenious house, simplifying self-guided excursions, bettering WiFi calling protection, and supporting its companions’ projects to produce constructions smarter. To be informed extra, seek advice from aerwave.com.

SOURCE Aerwave

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