Tuesday, August 15, 2006

Boingo Raises $65 Million for Wireless Aggregation

Boingo Wireless, a wholesale network aggregator and operator of neutral-host Wi-Fi networks, raised $65 million in Series C funding. The funding will be used for long-term working capital and to underwrite the recent acquisition of Concourse Communications.

Boingo now provides access to over 45,000 locations from more than 130 leading Wi-Fi operators.

The funding was led by Mitsui & Co. -- with new investors Mitsui Corporate Development Funds of Mitsui & Co. and Mitsui & Co. (U.S.A.), Inc. participating. Other new investors include Steelpoint Capital Partners and Red Rock Ventures. Roy Thiele-Sardina, Managing Director of Steelpoint, will join the Boingo Board of Directors.


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