Starry Lands $30M ‘B’ Round

Wireless broadband startup led by former Aereo CEO Chet Kanojia has raised $63M
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Starry, the wireless broadband startup led by former Aereo CEO Chet Kanojia, has raised a $30 million “B” round that brings its total funding to $63 million, the company confirmed. 

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The startup disclosed a $30 million raise in this SEC filing dated Dec. 16. In January, Starry announced backers that included FirstMark Capital, Tiger Global, IAC, KKR, HLVP and Quantum Strategic Partners, but did not say how much funding it had raised at the time.

Kanojia, who tried to disrupt the pay TV industry with Aereo, which went bankrupt and lost its case against several major broadcasters, is now turning his eyes toward broadband with a wireless broadband service that’s aiming to deliver speeds up to 1-Gig using millimeter wave technology. Starry's service will not be saddled with data caps.  

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Starry also confirmed that it is conducting a closed beta in Boston, with plans to expand that toward the end of Q1 2017. That expansion and deployment in Boston is expected to continue for the next several months in anticipation of deployments outside of Boston in a handful of cities by the end of 2017. 

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Ahead of a commercial debut, Starry is selling a WiFi router with a 3.8-inch touchscreen for $249.99, already reduced from an originally announced retail price of $349.99. Per the Starry site, the device is available directly through the company or via outlets such as Amazon, Best Buy and B&H.

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