The never-ending quest to kill Comcast is poised to receive some renewed investment as an ambitious startup readies to secure some new cash.
Starry, a Boston-based wireless broadband internet startup, has filed to raise up to $125 million in Series D funding according to a Delaware stock authorization filing uncovered by Pitchbook. If Starry closes the full authorized raise it will hold a post-money valuation of $870 million.
A spokesperson for the company confirmed it had already raised new capital, but disputed the numbers. The company has already raised over $160 million from investors including FirstMark Capital and IAC. The company most recently closed a $100 million Series C this past July.
The internet startup takes a different approach from fiber-toting competitors by relying on radio tower and high rise-mounted transmitters that dispatch millimeter wavelength signals to receivers connected to a building’s existing wiring. Customers with Starry’s slick touchscreen routers can whirl through setup, contact customer service, tailor parental controls and conduct speed tests. The company claims its solution can provide up to 200 mbps up/download service for just $50 per month with no data caps or long-term contracts.