NewPath Networks Garners $10,000,000 New Funding Round
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Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1ff87cdb-28f8-401a-b43a-ff7fd8268c1c&Preview=1
Date 8/17/2009
Company Name NewPath Networks
Mailing Address 768 Garfield Street Seattle, WA 98109
Company Description NewPath Networks is a wireless infrastructure company that designs, develops and operates fiber-fed wireless carrier networks to improve signal strength and network capacity. NewPath increases existing carrier footprints by adding network coverage in hard-to-reach areas to increase quality for the wireless customers. NewPath’s network is run over existing infrastructure, such as telephone poles and street lights, to expand carrier networks with solutions that are aesthetically acceptable to local communities and municipalities. NewPath focuses on bringing turnkey wireless communications solutions to areas where traditional network build-out is difficult due to zoning or cost constraints, such as large corporate, retail, or university campuses, sports arenas and stadiums, and neighborhood areas.
Proceeds Purposes NewPath will use the line of credit to help fund continued expansion of the company’s DAS networks in new and existing markets throughout the U.S.