Row 44 Lands $45,000,000 New Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d2c1f750-e6ee-459e-9e09-da5605c2533f&Preview=1 -
Date
6/13/2012 -
Company Name
Row 44 -
Mailing Address
4353 Park Terrace Drive Westlake Village, CA 91361 -
Company Description
Row 44 is the fast, global, fleet-wide solution for in-flight broadband services – high-speed Internet, video entertainment, cell phone roaming, and airline operational in-flight communications. The Row 44 system offers wide-body, narrow-body and regional jet support along with flexible service deployment options. Adding Row 44′s service to a fleet is cost effective because installation is quick, the hardware is light, and the service leverages existing satellite networks. -
Website
http://www.row44.com -
Transaction Type
Venture Equity -
Transaction Amount
$45,000,000 -
Transaction Round
Undisclosed -
Proceeds Purposes
Row 44 will use a portion of the investment capital to expand its global infrastructure to support new European and Trans-Asia airline customers, including the recently announced partnerships with Transaero, Russia’s first private airline and Icelandair. -
M&A Terms
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Venture Investor
Advanced Inflight Alliance AG -
Venture Investor
Par Capital Management
