The never-ending quest to kill Comcast is poised to receive some renewed investment as an ambitious startup readies to secure some new cash.
Starry, a Boston-based wireless broadband internet startup, has filed to raise up to $125 million in Series D funding according to a Delaware stock authorization filing uncovered by PitchBook. If Starry closes the full authorized raise it will hold a post-money valuation of $870 million.
A spokesperson for the company confirmed it had already raised new capital, but disputed the numbers. The company has already raised over $160 million from investors, including FirstMark Capital and IAC. The company most recently closed a $100 million Series C this past July.
The internet startup takes a different approach from fiber-toting competitors by relying on radio tower and high-rise-mounted transmitters that dispatch millimeter wavelength signals to receivers connected to a building’s existing wiring. Customers with Starry’s slick touchscreen … Read the rest