Telecom Startup NewConnect Secures New Financing

NewConnect completed a new round of financing from Blu Venture Investors.

NewConnect is the mid-Atlantic region’s leading fixed wireless internet service provider. Its next-generation wireless fiber network was purpose-built to bypass the challenges and limitations of underground telecom to deliver higher speeds, quicker installations, and an alternative to major telecom providers and cable companies.

The company said NewConnect plans to use the new funding to support market expansion and to fuel revenue growth.