ISP Common Networks secures $25 mn in financing

Common Networks, a wireless internet service provider in the US, has secured $25 million in Series B financing.
Common Networks US fundingCommon Networks will use the proceeds from the latest round of financing — led by General Catalyst, with participation from existing investors, Eclipse Ventures and Lux Capital — for R&D and expansion to the Silicon Valley this year, and to more cities in 2019.

San Francisco based Common Networks has already raised more than $34 million in funding from partners including General Catalyst, Eclipse Ventures, and Lux Capital.

Alameda, California, is the initial market for Common Networks that uses wireless technology to take on operators such as Verizon, AT&T, T-Mobile and Sprint, and big cable companies.

The ISP offers ultra high-speed internet to homes through its pioneering use of graph networks on a city-wide level.

“We will use this round of financing to get more customers online, to continue hiring people, and to develop the next generation of our hardware to bring even faster access to more people,” Zach Brock, chief executive officer of Common Networks, said.

Technology industry veterans Zach Brock, Grace Chen, Mark Jen, and Jessica Shalek founded Common Networks in 2016. 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.