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The 5G Internet Provider Starry Announces $250 Million in Funding & a New CFO

Women Using LaptopStarry is a startup from some of the team behind Aereo, which has slowly been rolling out 5G fixed wireless home Internet. Currently Starry offers 5G home Internet in Boston, Los Angeles, New York, and Washington DC for $50 a month with no data cap. Last week this $50 a month 5G home internet service launched in Denver, CO offering 200 Mbps down and no data cap.

Now Starry has announced a that they have raised $250 million in funding from investors including Tiger Global, KKR, FirstMark Capital, Fidelity Management and Research Company, ArrowMark Partners, IAC, Related Companies, and HLVP.

“Starry is in a period of explosive growth,” said Starry CEO and co-Founder Chet Kanojia. “We have more than doubled our headcount in the last year and have expanded our network footprint coverage to pass more than 1.5 million households. Bringing Gregg in at this juncture will be critical to maintaining this pace of growth and maintaining the financial discipline that has enabled this success. Gregg is a proven financial leader who understands how to drive success in this industry. We’re thrilled to welcome him to Starry.”

“I’m excited to join a company that is making a meaningful impact on an industry long in need of shaking up,” said Starry CFO Gregg Bien. “Starry is fundamentally changing how consumers connect to the internet with its world-class products and customer care. I’m looking forward to helping guide Starry’s growth and expand the company’s footprint across the country and around the world.”

Starry has announced plans to expand their 5G network to 17 additional markets over the next year including: Chicago, Cleveland, Houston, Dallas, Seattle, Detroit, Atlanta, Indianapolis, San Francisco, Philadelphia, Miami, Memphis, Phoenix, Minneapolis, Manchester, NH, Portland, OR, and Sioux Falls, SD.

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