Newsroom at aervivo
Aervivo Secures Investment from Aries Capital Partners; Increases Final Series Seed Round to $4.25M
April 2, 2021
SAN JOSE, Calif -- Aervivo, the developer of a revolutionary 5G fixed wireless connectivity platform that enables fiber-grade experiences at a fraction of the cost, announced today that it has completed a second and final closing of its seed round previously announced on March 16. The second round of investment takes the total amount raised to $4.25M with Aries Capital Partners joining existing investors, Kickstart Fund and TDF Ventures.
“We’re thrilled to have the endorsement of Andy, Rick and the team at Aries Capital Partners,” Mike Hart, CEO and co-founder of Aervivo said. “Their investment and experience, along with additional capital from Kickstart and TDF, put Aervivo in a strong position as the team now turns its focus to execution with our ISP partners. The combination of Kickstart, TDF and Aries is highly complementary and we are very pleased to have secured investment partners that are excited about the opportunity, our mission and have a long-term view.”
Having closed out its first round of investment, the Aervivo team is focused on growth and the launch of its platform through the first partner deployments later this year. Current job openings can be found on its careers dashboard and it expects to announce details of the first partner deployments in the second half of the year.
Aervivo’s mission is to disrupt the ISP industry, enabling fiber-grade connectivity at a fraction of the cost. It partners with leading ISPs and new entrants, empowering them to quickly launch new markets, extend presence, and upgrade legacy networks. Its industry-leading wireless mesh technology, cloud-based service platform and SaaS business model allows its partners to deliver affordable, high-speed connectivity with an industry-leading customer experience. Visit the newsroom for the latest company information or follow on LinkedIn and Twitter.