Gabriel News
NextG Networks Raises $35M to Expand RF Transport Networks
Next-Generation Wireless Communications Company Raises Expansion Capital to Continue the Build-Out of its National Managed RF Transport Networks.
MILPITAS, CA –August 30, 2004 -- NextG Networks, a next-generation wireless communications company, has raised a $35 million investment round. Oak Investment Partners led the equity and debt investment with participation from NextG Network’s existing investors, including Gabriel Venture Partners. The investment will provide the Company with additional expansion capital and will enhance its already strong cash position.
"NextG’s distributed antenna innovation not only lowers the cost of expanding cell coverage for wireless carriers, but also improves the battery life and reception for cell phones,” said Scott Chou, a general partner of Gabriel and a director of NextG. “We remain committed to our investment thesis around power and form factor innovations as strategic imperatives for mobile wireless, and NextG is an excellent representative investment in this area." Gabriel is in the process of completing several other complementary investments in this field.
NextG Networks’ managed RF transport network solution seamlessly extends the capacity and coverage of mobile wireless networks in dense urban and residential areas. Wireless service providers benefit by avoiding the zoning constraints and the high costs that are associated with the deployment of traditional cellular towers and/or wireless rooftop sites, as well as save on backhaul costs.
NextG Networks will use the additional capital to continue the build-out of its innovative RF-over-Fiber (“RFoF”) transport networks in metropolitan areas throughout the United States. The RFoF transport networks feature microcellular radios that are typically attached to lamp posts and utility poles and connected directly to fiber optic networks. The wireless voice and data traffic is then transported across the fiber network to base stations aggregated at the wireless service provider’s central office data center or co-location facility.
The expansion capital will also be used to establish additional public right-of-way (ROW) agreements with various cities, municipalities and private utilities. The ROW agreements allow the Company to install its microcellular infrastructure across a pervasive network of lamp posts and utility poles within the metropolitan areas.
About NextG Networks
NextG Networks is a next-generation wireless communications company that provides managed RF-over-Fiber (“RFoF”) transport network services to wireless service providers, including mobile network operators and public WLAN service providers. NextG Networks’ cost-effective and scalable RFoF transport network solution is based on its proprietary Course-Wavelength-Division-Multiplexing (“CWDM”) technology. It enables wireless service providers to expand their coverage and capacity throughout metropolitan regions and in dense urban and isolated suburban areas. NextG Networks is headquartered in Milpitas, CA and operates regional subsidiaries throughout the United States. For more information, please contact NextG Networks at (408) 719-8510 or visit www.nextgnetworks.net.
About Gabriel Venture Partners
Gabriel Venture Partners® is a hands-on, early-stage venture capital firm with more than $260M under management across its offices in Silicon Valley and the Mid-Atlantic. Gabriel’s team of investors actively partner with portfolio companies and leverage their combined operating experience to provide value through customer and partner introductions, as well as assistance with go-to-market strategy and positioning. Gabriel focuses on specific sectors of information technology, including Wireless, Infrastructure Software & Systems, and Enterprise Software & Services. Representative investments include Placeware (acquired by Microsoft), IPWireless, and Netscaler. For more information, please visit: www.gabrielvp.com.
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Gabriel Venture Partners
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