Wi-Fi Provider Common Networks Gains $25 Million In Series B
Common Networks, a wireless Internet service provider that offers affordable, fiber-class home internet, secured $25 million in a Series B financing round led by General Catalyst, with participation from existing investors Eclipse Ventures and Lux Capital.
Common Networks was founded in 2016 by technology industry veterans Zach Brock, Grace Chen, Mark Jen, and Jessica Shalek. The founding team all previously worked at Square where they built the Square Register product, started the Square developer platform, and led Growth teams for domestic and international expansion.
Since launching in 2017 in Alameda, California, its initial market, Common Networks’ goal is to use wireless technology to take on traditional incumbents and big cable companies by delivering ultra high-speed internet to homes through its pioneering use of graph networks on a city-wide level.
According to the company, the new investment will be used for R&D and expansion.