Wireless Startup Skywire Networks Raises $23 Million

Skywire Networks closed $23 million in financing from Metropolitan Equity Partners.

Skywire Networks is a large fixed-wireless broadband provider in New York City. It has thousands of customers, more than 400 lit buildings, more than 30 hubs, and a near-net footprint of 25,000 commercial buildings. The cost and time that it takes to lay fiber in New York City has become impractical and largely uneconomical. Skywire Networks solves this problem by delivering high-quality, low-cost broadband connectivity to buildings in NYC that currently suffer from slow or unreliable Internet.

In its announcement, the company said the financing will be used to expand significantly in New York City and to scale Skywire’s sales, marketing and operating organizations.