CHARLOTTE – Airwavz, an in-building wireless connectivity company with a focus on commercial real estate, has raised nearly $10 million in new equity and its looking for more.
$9,999,998, in fact.
According to an SEC filing, Airwavz has secured just under $10 million from two investors.
It is seeking to raise another $10 million.
The company, which launched in 2013 and touts its ability to handle next-generation 5G connectivity, owns and operates wireless infrastructure in dense metro areas, specifically in commercial office space and hospitality buildings.
W. Bradley Davis, the CEO, signed the form.
The company raised nearly $20 million in 2018 from 43 investors.
Airwavz owns and operates wireless infrastructure in dense metro areas, specifically in commercial office space and hospitality buildings.
Approximately 80 percent of mobile data consumption originates or terminates inside buildings, and only a small fraction of buildings have adequate wireless infrastructure, according to the company.
Davis is a 25-year telecommunications and technology veteran with experience in corporate, private equity and early stage growth companies.