Starry founder and CEO Chet Kanojia Photograph by Stuart Isett/Fortune Brainstorm Tech

According to a Delaware stock authorization filing unearthed by Pitchbook, Starry — a wireless broadband internet service startup that offers its service to consumers for $50 a month — is raising up to $125 million in Series D funding that could value it at $870 million post-money (if Starry raises the full intended amount).

This is in addition to more than $160 million already raised by Starry since its launch in 2016. The Boston based company is backed by investors including Tiger Global, KKR, Fidelity, IAC, Firstmark Capital, and Quantum Strategic Partners. In the past year, Starry expanded outside its home market of Boston into NYC, LA, Denver, and DC.

An illustration of how Starry Internet works image: Starry

Starry claims its $50 per month bundle offers customers up to 200 Mbps download/upload speed, and a no-data caps, no-contract, no-hidden fees plan. The company developed its entire tech stack — consisting of the network node (Starry Beam), a transceiver (Starry Point), and in-home WiFi hub (Starry Station) — in house.

Starry is also planning to expand into new markets including Seattle, Detroit, Philadelphia, Indianapolis, Manchester, Memphis, Miami, Dallas, Chicago, Denver, and Cleveland.

Share this...

Facebook

Pinterest

Twitter

Linkedin

Whatsapp

Email

Print