coaXmedia, which focuses on distributing high-speed Internet access in hotels by capitalizing on existing cable infrastructure, said Wednesday it had received an investment from CAP Technologies.
The amount of the deal was not disclosed. Alejo Peralta, a principal of CAP, also has joined coaXmedia’s board.
Peralta also serves as chairman of Acelera Networks, a wireless Internet service provider in Mexico City and Miami. coaXmedia already works with Acelera. CAP Technologies and Acelera are targeting Latin America for broadband access.
In a statement, coaXmedia said the investment would be used to fun sales and marketing capacity as well as product development.