Tech Company Financing Transactions
LightSquared Funding Round
Private investors invested in a $265 million funding round for LightSquared. The financing round was announced on 7/5/2011.
Transaction Overview
Company Name
Announced On
7/5/2011
Transaction Type
Venture Equity
Amount
$265,000,000
Round
Undisclosed
Investors
Proceeds Purpose
LightSquared will use these funds for general corporate purposes, which includes constructing its world-class 4G-LTE wholesale network.
Company Information
Company Status
Private & Independent
Industry
Wireless
Mailing Address
10802 Parkridge Blvd.
Reston, VA 20191
USA
Reston, VA 20191
USA
Phone
Website
Email Address
Overview
LightSquared is building a state-of-the-art open wireless broadband network. This open network will unleash the full power of the mobile Internet, driving innovation in devices, applications, and services. LightSquared will offer network capacity on a wholesale-only basis to a variety of business partners.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Douglas Smith
Chief Marketing Officer
Scott Wiener
VP - Finance
Eric Harrington
VP - Human Resources
Jenny Crandall
VP - Regulatory Affairs
Jeffrey Carlisle
Browse more venture capital transactions:
Prev: 7/5/2011: Regado Biosciences venture capital transaction
Next: 7/6/2011: Petflow venture capital transaction
Share this article
News on VC Transactions
Our team works diligently to report on all VC transactions involving tech companies. All VC database entries reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs