# Snip Internet

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/snip-internet

- Industry: Telecoms
- Headquarters: Cleveland, US
- Website: www.snipinternet.com
- Total disclosed funding: $7.8M
- Latest round: Series B (Mar 13, 2020)
- Investors on record: 3

## About

Snip Internet, LLC specializes in providing high-speed internet solutions, catering to both residential and business markets with advanced technology and user-friendly features.Founded in 2016 in Cleveland, US, Snip Internet, LLC focuses on delivering high-speed internet services. The company has completed a total of 3 funding deals, with its most recent Series B round on July 18, 2023, where it raised USD 7.75 mn led by Peppertree Capital Management. The founder's history and any known previous ventures are not detailed. Snip Internet does not have any subsidiaries and has not been reported as a result of a merger or carve-out.Snip Internet offers high-speed internet services with symmetrical speeds of up to 2 Gbps, catering to residential and business customers. The service includes the ZentroIQ mobile app for managing internet plans, and the InstantOn feature for immediate service activation without technician visits. Their primary markets include urban areas in Chicago and select regions across the Midwest, targeting customers in need of reliable high-speed connectivity for various online activities.The company's revenue model is based on subscription-based services, featuring a flagship symmetrical 2 Gbps internet speed plan. Clients typically subscribe monthly, ensuring a steady revenue stream. Additionally, Snip Internet offers features such as high-grade protection and parental controls, enhancing their service offerings and customer value.Following the acquisition by Everywhere Wireless, LLC / SilverIP Communications in July 2023, Snip Internet plans to utilize recent funding to expand its service offerings and reach more customers. The acquisition allows for a broader range of services while focusing on enhancing their infrastructure and technology to support growth in existing and new markets.

## Funding rounds

- Series B, Mar 13, 2020, $7.8M — Weinberg Capital Partners, Edgio, TPG Peppertree

## Investors

- Weinberg Capital Partners (https://capitalatlas.ai/funds/weinberg-capital-partners) — Series B
- Edgio — Series B
- TPG Peppertree (https://capitalatlas.ai/funds/tpg-peppertree) — Series B