# Boingo Wireless

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/boingo-wireless

- Industry: Telecoms
- Headquarters: Los Angeles, US
- Website: www.boingo.com/
- Total disclosed funding: $90M
- Latest round: Series C (Aug 16, 2006)
- Investors on record: 9

## About

Boingo Wireless, Inc. is a US-based company that specializes in providing innovative connectivity solutions, including Distributed Antenna Systems (DAS), Wi-Fi networks, and private 5G services for various sectors such as airports and healthcare.Founded in 2001 and headquartered in Los Angeles, US, Boingo Wireless, Inc. focuses on advanced wireless connectivity solutions. Barry Rubens, David Hagan, and Mike Finley serve as the current CEOs. The company completed its IPO on May 4, 2011, and has successfully engaged in 7 funding deals, with its most recent funding round being a VENTURE DEBT round raising USD 50.00 mn from investors including Bank of America Merrill Lynch and Silicon Valley Bank, bringing the total amount raised to USD 77.89 mn.Boingo Wireless, Inc. specializes in providing advanced connectivity solutions that include Distributed Antenna Systems (DAS), Wi-Fi networks, and private 5G services. Their core offerings are designed to address the growing demand for reliable and high-speed wireless connectivity across diverse environments, including airports, hospitals, military installations, and commercial real estate. The company’s solutions enhance operational efficiencies, improve user experiences, and support various applications ranging from general internet access to mission-critical communications. Boingo operates in multiple geographical markets, focusing on North America, Europe, and select regions in Asia, catering to both public and private sector clients.Boingo Wireless generated revenue of USD 237.42 mn in 2020, with an EBITDA of USD 81.66 mn. The company’s revenue model relies on a combination of subscription agreements and direct sales, typically involving long-term contracts with clients like airports and healthcare facilities that require ongoing service for data and voice communications. Boingo’s products, including DAS and private 5G solutions, are marketed under structured pricing plans that align with client needs, ensuring comprehensive network coverage and support.Boingo Wireless is focused on expanding its product offerings and geographic reach. Plans include the development of new advanced connectivity products targeting diverse markets. The company will strategically utilize the proceeds from its recent VENTURE DEBT funding to support these initiatives and further enhance its service capabilities as it aims to penetrate additional markets in North America, Europe, and Asia through targeted efforts.

## Funding rounds

- Series C, Aug 16, 2006, $65M — New Enterprise Associates, Red Rock Ventures, Mitsui Global Investment, Mitsui & Co. USA, Sternhill Partners, Steelpoint Capital Partners
- Series B, Oct 6, 2003, $10M — Evercore Partners, New Enterprise Associates, Mitsui Global Investment, Sternhill Partners, Infonet Services Corporation
- Series A, Dec 20, 2001, $15M — Evercore Partners, New Enterprise Associates, Sprint Nextel Corp.

## Investors

- Evercore Partners (https://capitalatlas.ai/funds/evercore-partners) — Series A, Series B
- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series A, Series B, Series C
- Sprint Nextel Corp. — Series A
- Mitsui Global Investment (https://capitalatlas.ai/funds/mitsui-global-investment) — Series B, Series C
- Sternhill Partners (https://capitalatlas.ai/funds/sternhill-partners) — Series B, Series C
- Infonet Services Corporation — Series B
- Red Rock Ventures (https://capitalatlas.ai/funds/red-rock-ventures) — Series C
- Mitsui & Co. USA — Series C
- Steelpoint Capital Partners (https://capitalatlas.ai/funds/steelpoint-capital-partners) — Series C