Starry, the US-based internet service provider backed by media and internet group IAC, has raised $31m of a $55m funding round, according to a regulatory filing.
Founded in 2014, Starry provides a rapid wifi internet service without subscription bundles or hardware fees for a flat cost of $50 per month, as opposed to providers such as Verizon or Comcast that typically offer it as part of a larger cable television or landline-based package.
The company had previously raised $63m in funding, as of a $30m series B round featuring existing investors including IAC that closed in December 2016.
The series B round also included venture capital fund HLVP, VC firm FirstMark Capital, hedge fund manager Tiger Global Management, investment firm KKR and Quantum Strategic Partners, a fund managed by investment management firm Soros Fund Management.
– Photo courtesy of Starry, Inc.