Aerwave, a leading managed WiFi platform transforming connectivity within the multifamily sector, has announced the successful completion of a $20 million Series B funding round. The investment, spearheaded by Moderne Ventures and supported by a prominent S&P 500 REIT, along with Dominicus Wireless, will propel Aerwave’s product innovation and expansion efforts.
“This funding will enable us to broaden our footprint in the multifamily space and enhance our industry-leading offerings,” said Jeff Kok, CEO of Aerwave. “Our goal is to help clients thrive in a competitive market by exceeding residents’ digital expectations.” Aerwave’s commitment to innovation is evident as it aims to transform the digital landscape of modern apartment communities.
Since its inception in 2019, Aerwave has established a robust portfolio of over 34,000 apartment homes across 28 markets nationwide. The latest capital infusion will support the ongoing development of Aerwave’s platform and facilitate client growth in a rapidly evolving industry.
“We are thrilled to deepen our partnership with Aerwave as they enter this next phase of growth,” remarked Constance Freedman, Founder and Managing Partner of Moderne Ventures. “The future of AI and successful digitization relies on a robust Wi-Fi infrastructure, and Aerwave’s impressive expansion demonstrates their commitment to enhancing telecom infrastructure globally.”
With partnerships established with three of the top five multifamily REIT portfolios and representation among 18% of the NMHC’s top 50 owners, Aerwave is set to double its size by 2025, driven by its slogan, MANAGED WI-FI: FOR OWNERS, BY OWNERS™. Kok reiterated, “Our commitment to providing a trusted product, supported by exceptional service, has never been stronger.”
Editorial Opinion
Aerwave stands at the forefront of a significant transformation in the multifamily housing sector, where reliable connectivity is essential for both property owners and residents. The company’s focus on managed WiFi solutions positions it uniquely to address the growing demand for seamless internet access in apartment communities, a necessity in today’s digital age. As technology becomes increasingly integral to residential life, Aerwave’s innovative approach ensures that property managers can meet the expectations of tech-savvy tenants while enhancing the overall living experience.
Furthermore, the backing from seasoned investors such as Moderne Ventures highlights Aerwave’s potential for sustained growth and innovation. By leveraging this funding for product development and strategic expansion, Aerwave is not only poised to enhance its service offerings but also to set new standards in the connectivity landscape. The commitment to superior service and technological excellence underscores Aerwave’s role as a catalyst for change in the multifamily industry.Aerwave.com.
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