BELMONT – Startup Open Broadband, a North Carolina-based wireless internet service provider targeting what it calls “underserved communities,” is getting fresh cash from investors who like the idea.
Twelve backers have provided Open Broadband with $500,000 in equity. Each invested a minimum of $5,000, according to a securities filing.
But the firm is looking for more – as much as $750,000.
Cofounder Alan Fitzpatrick signed the filing.
Open Broadband has 19 projects underway across NC, according to its website. One of its first major clients was Orange County. It raised $250,000 in debt in 2017.