# Underline Infrastructure

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/underline-infrastructure

- Industry: Telecoms
- Headquarters: New York, US
- Website: www.underline.com
- Total disclosed funding: $0.5M
- Latest round: Seed (Apr 27, 2020)
- Investors on record: 2

## About

Underline Infrastructure Inc. focuses on developing advanced fiber networks and technologies that enhance internet connectivity and support community infrastructure projects across various sectors, including energy and water.Founded in 2019 in New York, Underline Infrastructure Inc. specializes in fiber network solutions for communities. The company has completed 3 deals, with its most recent funding round in March 2022, raising USD 7.4 mn during its SEED round, contributing to a total amount raised of USD 35.00 mn. The company is led by CEO Bob Thompson, one of the founders alongside Alexandr Rodionov, Coty Beasley, and Jason White.Underline Infrastructure Inc. specializes in providing advanced fiber networks and associated technologies aimed at fulfilling various community needs, such as enhancing internet access, modernizing water systems, and facilitating responsible energy creation. Their core product offerings include robust, multi-purpose fiber networks designed to serve a diverse range of stakeholders, including individual residents, businesses, municipal transit systems, and utilities. By implementing innovative network designs alongside proprietary software, Underline ensures that their systems are adaptable and capable of meeting the specific demands of various client groups. The company primarily operates within the United States, with established networks in cities such as Colorado Springs and Fountain, Colorado, though their solutions are designed to be scalable and applicable to a broader range of urban markets nationwide.Underline generates revenue through a combination of business-to-business (B2B) partnerships and direct-to-consumer subscriptions. Their transaction structure revolves around long-term contracts for their fiber network services, which are typically tailored according to the needs of municipalities or large enterprises seeking enhanced connectivity solutions. For residential users, the company offers subscription plans that provide high-speed internet access with symmetrical upload and download speeds, as well as features like zero data caps. Partnerships with local governments and utility companies may include collaborative financing and operational arrangements, ensuring that Underline’s services contribute to community infrastructure development. The pricing models for these services reflect the competitive landscape of internet provision, emphasizing affordability and fairness in access.In March 2022, Underline Infrastructure Inc. raised USD 7.4 mn in SEED funding as part of a larger USD 9.4 mn funding initiative. The capital from this funding will be utilized to develop new products aimed at expanding service offerings, as well as to penetrate new geographic markets. Specific targets for expansion include urban areas across the United States, with plans to launch new solutions by 2023.

## Funding rounds

- Seed, Apr 27, 2020, $0.5M — FinTech Collective, Fantail Ventures

## Investors

- FinTech Collective (https://capitalatlas.ai/funds/fintech-collective) — Seed
- Fantail Ventures (https://capitalatlas.ai/funds/fantail-ventures) — Seed