# Andrena

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

- Industry: Telecoms
- Headquarters: New York, US
- Website: www.andrena.com
- Total disclosed funding: $36M
- Latest round: Series A (Aug 7, 2024)
- Investors on record: 18

## About

Andrena, Inc. is a US-based company specializing in high-speed internet services, delivering affordable and efficient connectivity solutions to a diverse clientele across urban and suburban areas.Founded in 2017 and headquartered in New York, US, Andrena, Inc. focuses on providing high-speed internet services. The company has completed six deals, with its most recent funding round occurring on December 17, 2024, when it raised USD 2.5 mn from investor Van Eck. The company was co-founded by James Smits and Nick De Veaux, with Neil Chatterjee currently serving as CEO.Andrena offers high-speed internet services starting at a competitive rate of USD 30 per month, with plans that can reach speeds of up to 1 Gbps. The service is designed for quick setup—typically within three minutes—without extensive installation. Andrena targets a diverse client base in various metropolitan regions across the United States, focusing on providing dedicated bandwidth to users, thereby addressing common issues faced with traditional Internet Service Providers (ISPs) such as slow speeds and high costs.Andrena generates revenue primarily through subscription-based models, with customers selecting internet plans tailored to their speed and data needs. Customers pay a monthly fee that corresponds to their chosen service package, which accommodates multiple devices simultaneously. This structure, coupled with competitive pricing, positions Andrena as an alternative to traditional ISPs and is driven by a customer retention strategy focused on exceptional service and satisfaction.In December 2024, Andrena, Inc. raised USD 2.5 mn in venture funding from Van Eck, which will be utilized to expand its infrastructure and services. Andrena aims to enhance its offerings and reach new markets, although specific details on upcoming products or geographic regions targeted for expansion have not been disclosed.

## Funding rounds

- Series A, Aug 7, 2024, $18M — Castle Island Ventures, CMT Digital, Dragonfly Digital Management, Wintermute Ventures
- Series A, Feb 27, 2023, $15M — FJ Labs, Koh Founders, Afore Capital, Blockchange Ventures, Castle Island Ventures, Dragonfly Digital Management, Analog Ventures, Chaos Ventures, Escape Velocity, Moonshot Research
- Series A, Nov 28, 2022 — FJ Labs
- Seed, May 31, 2019, $2.6M — 645 Ventures, FJ Labs, Afore Capital, Max Ventures, Imagination Capital, Yes VC, Castle Island Ventures, 9Yards Capital, Marstar Investments
- Seed, Mar 27, 2018 — FJ Labs

## Investors

- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Seed, Series A
- 645 Ventures (https://capitalatlas.ai/funds/645-ventures) — Seed
- Afore Capital (https://capitalatlas.ai/funds/afore-capital) — Seed, Series A
- Max Ventures (https://capitalatlas.ai/funds/max-ventures) — Seed
- Imagination Capital (https://capitalatlas.ai/funds/imagination-capital) — Seed
- Yes VC (https://capitalatlas.ai/funds/yes-vc) — Seed
- Castle Island Ventures (https://capitalatlas.ai/funds/castle-island-ventures) — Seed, Series A
- 9Yards Capital (https://capitalatlas.ai/funds/9yards-capital) — Seed
- Marstar Investments — Seed
- Koh Founders — Series A
- Blockchange Ventures (https://capitalatlas.ai/funds/blockchange-ventures) — Series A
- Dragonfly Digital Management (https://capitalatlas.ai/funds/dragonfly-digital-management) — Series A
- Analog Ventures (https://capitalatlas.ai/funds/analog-ventures) — Series A
- Chaos Ventures (https://capitalatlas.ai/funds/chaos-ventures) — Series A
- Escape Velocity — Series A
- Moonshot Research — Series A
- CMT Digital (https://capitalatlas.ai/funds/cmt-digital) — Series A
- Wintermute Ventures (https://capitalatlas.ai/funds/wintermute-ventures) — Series A