# Home Wireless Networks

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

- Industry: Telecoms
- Headquarters: Norcross, US
- Website: www.homewireless.com
- Total disclosed funding: $20M
- Latest round: Series B (Dec 17, 1998)
- Investors on record: 3

## About

Home Wireless Networks, Inc. specializes in innovative cordless communication solutions tailored for office environments, enhancing connectivity and operational efficiency through advanced technology and energy-efficient designs.Home Wireless Networks, Inc. was founded in 1996 and is headquartered in Norcross, US. The company focuses on developing cordless telephone systems for business use. Alan Webb founded the company, building on his previous entrepreneurial experiences. The firm has engaged in a total of 4 deals, with the most recent funding round being Series D in February 2007, where the company raised USD 22.00 mn from Technology & Internet LLC and Telenor ASA. This amount represents the total raised by the company to date as there are no further rounds mentioned.Home Wireless Networks, Inc. offers high-quality cordless phone systems designed for office settings, including models such as the AirWay 308 and AirWay 516. The AirWay 516 supports up to 16 handsets with low power consumption of just 7.2 Watts for the controller and 2.5 Watts per handset. This energy-efficient design meets the needs of organizations like Pittsburgh Paint, UPS, AT&T, Battery Plus, and the United States Air Force, highlighting the company’s market presence across North America.The primary revenue stream for Home Wireless Networks, Inc. is derived from direct sales of its cordless phone systems and related products in a B2B model. The company sells its products to corporate offices and government entities, as well as through authorized dealers. Clients can purchase expandable systems that enhance communication capabilities while enjoying lower operational costs through high-quality, USA-manufactured components.Home Wireless Networks, Inc. aims to enhance its product line with new cordless communication solutions expected to launch by the end of 2008. The company is also looking to expand into international markets, particularly targeting regions in Europe and Asia by 2010. The USD 22.00 mn raised in the Series D funding round in February 2007 is designated to support these expansion efforts and product development initiatives. Notably, the company was acquired by ERF Wireless, Inc. in February 2007, although specific financial details of the acquisition were not disclosed.

## Funding rounds

- Series B, Dec 17, 1998, $20M — Grotech Ventures, Alliance Technology Ventures, Lucent Technologies

## Investors

- Grotech Ventures (https://capitalatlas.ai/funds/grotech-ventures) — Series B
- Alliance Technology Ventures (https://capitalatlas.ai/funds/alliance-technology-ventures) — Series B
- Lucent Technologies — Series B