CAMBRIDGE, United Kingdom-Cambridge Broadband Ltd., which develops fixed wireless access technology, said it closed its series C financing round for a total of $15.25 million.
Proceeds will be used to fund the company’s expansion plans. The funding round was led by venture-capital firm Accel Partners.
“Very few countries have adequate broadband infrastructure, and more and more competitive operators find that wireless is the best way to obtain a high capacity multi-service network quickly,” said Peter Wharton, chief executive officer of Cambridge Broadband. “We’re seeing very strong growth by such companies using broadband wireless to shake up telecoms markets across the world. This funding round enables us to scale up to meet this exciting and important opportunity.”
