NewPath Networks Garners $10,000,000 New Funding Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1ff87cdb-28f8-401a-b43a-ff7fd8268c1c&Preview=1 -
Date
8/17/2009 -
Company Name
NewPath Networks -
Mailing Address
768 Garfield Street Seattle, WA 98109 -
Company Description
NewPath Networks is a wireless infrastructure company that designs, develops and operates fiber-fed wireless carrier networks to improve signal strength and network capacity. NewPath increases existing carrier footprints by adding network coverage in hard-to-reach areas to increase quality for the wireless customers. NewPath’s network is run over existing infrastructure, such as telephone poles and street lights, to expand carrier networks with solutions that are aesthetically acceptable to local communities and municipalities. NewPath focuses on bringing turnkey wireless communications solutions to areas where traditional network build-out is difficult due to zoning or cost constraints, such as large corporate, retail, or university campuses, sports arenas and stadiums, and neighborhood areas. -
Website
http://www.newpathnetworks.net -
Transaction Type
Venture Equity -
Transaction Amount
$10,000,000 -
Transaction Round
Undisclosed -
Proceeds Purposes
NewPath will use the line of credit to help fund continued expansion of the company’s DAS networks in new and existing markets throughout the U.S. -
M&A Terms
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Venture Investor
Square 1 Bank
