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Aperto Networks : The WiMax service provider completes Series E $19M financing

Aperto is an important player in the international WiMax rollout. They provide the base stations and the subscriber units for WiMax and currently serves over 65 counties. Aperto has been ahead of its revenue plans for several quarters. Recently Aperto’s WiMax gear was selected for deployment in Greece, in a pilot unit in advance of nationwide rollout.

Aperto Network just completed a third trench of Series E financing round of $19 million, bringing the company’s total capitalization to $139 million.

The financing round was led by GunnAllen Venture Partners, JK&B Capital, Canaan Partners, Alliance Ventures, Innovacom, JAFCO, Labrador Ventures, and Tyco. Aporto plans to use the funds to accelerate the deployment of WiMax products on a global basis.


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February 2nd, 2007 Posted by Sunny Kalara | Venture Capital | one comment