# BelAir Networks

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/belair-networks

- Industry: Telecoms
- Headquarters: Canada
- Website: www.belairnetworks.com
- Total disclosed funding: $58M
- Latest round: Series D (Oct 1, 2006)
- Investors on record: 10

## About

BelAir Networks specializes in advanced wireless networking solutions, focusing on providing high-performance connectivity for various applications across urban and rural environments.BelAir Networks is a company based in Canada that specializes in wireless networking solutions. In February 2012, it was acquired by Ericsson for an undisclosed amount. The firm has engaged in a total of 7 deals, raising a total of USD 17.50 mn in funding, including a Grant of USD 0.50 mn as its latest round of funding.BelAir Networks provides solutions for wireless connectivity, focusing on high-performance networking for both urban and rural applications. Their offerings include advanced networking hardware and software designed to support a variety of connectivity needs for businesses and consumers. The company serves a diverse client base, including internet service providers and enterprises requiring robust networking solutions.BelAir Networks generates revenue through strategic partnerships with ISPs and corporate clients, utilizing subscription-based models for their networking services. Their business model includes tiered service plans tailored to meet the varying needs of clients, ensuring a steady revenue stream as they partner with other businesses and retailers to bundle their services.Following its acquisition by Ericsson, BelAir Networks is expected to leverage its resources to enhance product offerings and expand its market reach. The company aims to introduce new wireless solutions targeting both urban and rural areas, with efforts to penetrate emerging markets in Asia and Europe by 2015. Recent funding from the Grant will be utilized to support the development of these new products and facilitate market expansion.

## Funding rounds

- Series D, Oct 1, 2006, $21M — Ventures West Capital, VenGrowth Capital Partners, Comcast Ventures, DTCP, Panorama Capital, Trilogy International Partners, MMV Capital Partners
- Series C, Oct 25, 2005, $20M — VenGrowth Capital Partners, BDC Capital, Comcast Ventures, DTCP, McLean Watson Capital, Panorama Capital
- Series A, Mar 22, 2004, $2M — DTCP
- Series B, Dec 1, 2003, $15M — VenGrowth Capital Partners, BDC Capital, JP Morgan Asset Management

## Investors

- VenGrowth Capital Partners (https://capitalatlas.ai/funds/vengrowth-capital-partners) — Series B, Series C, Series D
- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Series B, Series C
- JP Morgan Asset Management (https://capitalatlas.ai/funds/jp-morgan-asset-management) — Series B
- DTCP — Series A, Series C, Series D
- Comcast Ventures (https://capitalatlas.ai/funds/comcast-ventures) — Series C, Series D
- McLean Watson Capital (https://capitalatlas.ai/funds/mclean-watson-capital) — Series C
- Panorama Capital — Series C, Series D
- Ventures West Capital (https://capitalatlas.ai/funds/ventures-west-capital) — Series D
- Trilogy International Partners (https://capitalatlas.ai/funds/trilogy-international-partners) — Series D
- MMV Capital Partners (https://capitalatlas.ai/funds/mmv-capital-partners) — Series D