Verana Networks Funding & Investors
Waltham, MA
Verana Networks develops an innovative 5G Radio Access Network solution for service providers that have licensed millimeter wave (mmWave) spectrum. The company focuses on enabling 5G in mmWave spectrum because that is where the largest amount of new spectrum is. For 5G to succeed, it must deliver a 10X-50X increase in speed and capacity. Blazing fast speed and an increase in capacity enable new applications, these new applications create incremental revenue, and incremental revenue is essential to support the business case for 5G.
verananetworks.comTotal Amount Raised: $52,550,000
Verana Networks Funding Rounds
Series B
$28,000,000
Series B Investors
Dean Capital Investments ManagementSpark CapitalAspiro Capital ManagementTDK VenturesTaiwania Capital ManagementBold Capital PartnersSeries B
$28,000,000
Series B Investors
Dean Capital Investments ManagementSpark CapitalAspiro Capital ManagementTDK VenturesTaiwania Capital ManagementBold Capital PartnersConvertible Note
$4,500,000
Convertible Note Investors
Lockheed Martin VenturesConvertible Note
$4,500,000
Convertible Note Investors
Lockheed Martin VenturesSeries A
$11,000,000
Series A Investors
Spark CapitalBold CapitalAspiro Capital ManagementDean Capital Investments ManagementSeries A
$11,000,000
Series A Investors
Spark CapitalBold CapitalAspiro Capital ManagementDean Capital Investments ManagementSeed
$9,050,000
Funding info provided by Diffbot.