# Aerwave

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/aerwave

- Industry: Telecoms
- Headquarters: Magnolia, US
- Website: www.aerwave.io
- Total disclosed funding: $38M
- Latest round: Series B (Sep 17, 2024)
- Investors on record: 5

## About

Based in Texas, US, and founded in 2019 by Alex Wey, Daniel Jensen, and Daniel Jensen, Aerwave, Inc. provides a managed Wi-Fi platform specifically designed for multifamily residential communities. Some of the firm’s customers include Brookfield Properties, Nexpoint, Berkshire, Amli Residential, etc. In September 2024, Aerwave, Inc. raised USD 20 million in Series B funding led by Moderne Ventures and S&P 500 REIT and Dominicus Wireless.

The firm service includes a fiber backbone that offers high-speed internet connectivity throughout apartment buildings, amenity spaces, and property management areas. The platform supports various technological needs, including smart home features and Wi-Fi calling. Additionally, Aerwave provides a dedicated customer support and project management to facilitate efficient installation and ongoing service management.

The company intends to use the September 2024 funding to support the advancement of its platform, as well as continued client growth.

## Funding rounds

- Series B, Sep 17, 2024, $20M — Moderne Ventures
- Series A, Sep 20, 2022, $18M — Equity Residential, Moderne Ventures, Westover Companies, RWT Horizons, World Cinema Inc

## Investors

- Equity Residential — Series A
- Moderne Ventures (https://capitalatlas.ai/funds/moderne-ventures) — Series A, Series B
- Westover Companies — Series A
- RWT Horizons (https://capitalatlas.ai/funds/rwt-horizons) — Series A
- World Cinema Inc — Series A