Tech Company Financing Transactions
Verana Networks Funding Round
Spark Capital, Aspiro Capital and Bold Capital Partners invested in a $11 million Series A funding round for Verana Networks. The financing round was announced on 12/9/2020.
Transaction Overview
Company Name
Announced On
12/9/2020
Transaction Type
Venture Equity
Amount
$11,000,000
Round
Series A
Investors
Spark Capital (Lead Investor) (Santo Politi)
Proceeds Purpose
The company is using its Series A funding to build the team with deep expertise in the design and development of sophisticated radio access network products.
Company Information
Company Status
Private & Independent
Industry
Wireless
Mailing Address
303 Wyman St. 300
Waltham, MA 02451
USA
Waltham, MA 02451
USA
Phone
Undisclosed
Website
Email Address
Overview
Verana Networks is building an innovative 5G Radio Access Network (RAN) solution for service providers that have licensed millimeter wave (mmWave) spectrum. We are focused on enabling 5G in mmWave spectrum because that is where the largest amount of new spectrum is. For 5G to succeed, it must deliver a 10X-50X increase in speed and capacity.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Vedat Eyuboglu
VP - Bus. Development
Amit Jain
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