Tech Company Financing Transactions
Flume Internet Funding Round
Flume Internet, operating out of New York, secured $3.5 million in funding from Amplo, Hyperplane Venture Capital and Citi Impact Fund.
Transaction Overview
Company Name
Announced On
12/1/2021
Transaction Type
Venture Equity
Amount
$3,500,000
Round
Undisclosed
Investors
Proceeds Purpose
Proceeds purposes were not disclosed.
Company Information
Company Status
Private & Independent
Industry
Infrastructure
Mailing Address
315 Madison Avenue 3rd Floor
New York, NY 10017
USA
New York, NY 10017
USA
Phone
Website
Email Address
Overview
The infrastructure for ultra-fast modern internet already exists. Flume is here to help accelerate fiber to the home deployment in the United States. Modern comms, remote work, and a variety of applications need the high bandwidth that fiber internet can provide. Until recently, this technology was perceived as too expensive or unnecessary due to lack of competition. Meanwhile, many cities already have fiber cables that run underground or on poles with excess capacity that is sitting unused.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Prashanth Vijayanandan
Co-Founder
Brandon Gibson
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