Common Networks Secures $7 Million

Networking startup Common Networks completed $7 million in Series A financing. Three investors participated in the round, among them Eclipse Ventures and Lux Capital.

Common Networks was founded on the idea of providing everyone with fast, affordable access to broadband internet. The company helps people switch to a faster, more affordable and hassle-free Internet service in Alameda, CA. Users can get 75-100 mbps Internet speed for $50 per month with no installation fee and no contract.