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Venture Capital News: Gigstreem Raises $59M in Funding

2023-04-10
TYSONS CORNER, VA, Gigstreem announces that it has raised $59 million in funding led by Crestline Investors.
Gigstreem, a leading national provider of high-quality residential and commercial broadband networks, announced that it has raised $59 million in funding. The $59 million was raised in two separate transactions in Q1'23, with all proceeds coming from Gigstreem's existing investor base. The first transaction, which raised $19 million for Gigstreem, was led by Crestline Investors and included participation from real estate technology venture capital firm RET Ventures and multifamily industry leaders Essex Property Trust and UDR; capital from this raise will help Gigstreem more rapidly scale its growth and deploy internet services to markets across the country. Crestline led an additional $40 million raise in March 2023 to provide Gigstreem with the strategic capital to pursue acquisition opportunities.
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