# Tower Cloud

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tower-cloud

- Industry: Marketing/Advertising
- Headquarters: St. Petersburg, US
- Website: www.towercloud.com
- Total disclosed funding: $27M
- Latest round: Series B (Jun 25, 2012)
- Investors on record: 10

## About

Tower Cloud, Inc. is a telecommunications infrastructure provider that specializes in designing, constructing, and managing fiber-optic networks across multiple sectors, ensuring reliable connectivity and enhanced operational efficiency.Founded in 2006, Tower Cloud, Inc. operates out of St. Petersburg, US, focusing on advanced telecommunications solutions. The company was acquired by Communications Sales and Leasing in June 2016 for USD 230 mn, marking a significant strategic pivot in its operations. The founder, Ronald Mudry, has an extensive background in the telecommunications industry but specific details regarding prior companies are not available. Tower Cloud has successfully completed a total of 9 deals, with the most recent being on June 21, 2016.Tower Cloud primarily offers a suite of telecommunications services, including fiber-optic network design and management. These offerings cater to a diverse clientele across North America, focusing on industries such as telecommunications, healthcare, and education. The company emphasizes user-centered designs, ensuring their products meet the specific needs of their customers.Revenue for Tower Cloud is generated through business-to-business (B2B) transactions, including direct sales and partnership agreements. Their pricing structure accommodates both bulk purchases and subscription models for ongoing services, ensuring a consistent income stream. Specific types of transactions include long-term service contracts and infrastructure leasing agreements, which enhance customer retention and revenue stability.Looking ahead, Tower Cloud plans to expand its offerings by developing new telecommunications products aimed at enhancing fiber-optic network services, with potential launches in the coming years. There are also plans to penetrate new markets, particularly in the Southeastern US, by the end of 2023. The funding received from the acquisition by Communications Sales and Leasing in June 2016 will support these expansion efforts and product developments, positioning the company for sustained growth.

## Funding rounds

- Series B, Jun 25, 2012, $17M — Ballast Point Ventures, El Dorado Ventures, Noro-Moseley Partners, Sutter Hill Ventures, Kinetic Ventures, Knology, The Florida Growth Fund, The Burton Partnership, CLR Investors, Florida Opportunity Fund
- Series A, Oct 11, 2006, $10M — El Dorado Ventures, Sutter Hill Ventures

## Investors

- El Dorado Ventures (https://capitalatlas.ai/funds/el-dorado-ventures) — Series A, Series B
- Sutter Hill Ventures (https://capitalatlas.ai/funds/sutter-hill-ventures) — Series A, Series B
- Ballast Point Ventures (https://capitalatlas.ai/funds/ballast-point-ventures) — Series B
- Noro-Moseley Partners (https://capitalatlas.ai/funds/noro-moseley-partners) — Series B
- Kinetic Ventures (https://capitalatlas.ai/funds/kinetic-ventures) — Series B
- Knology — Series B
- The Florida Growth Fund — Series B
- The Burton Partnership — Series B
- CLR Investors — Series B
- Florida Opportunity Fund (https://capitalatlas.ai/funds/florida-opportunity-fund) — Series B