Lit Communities Announces Majority Investment From Oak Hill Capital To Accelerate Broadband Deployment
Round Type
Venture
Menlo ParkReal EstateSecurityInvestors
Description
Oak Hill Capital ("Oak Hill") has committed $150 million in primary capital to Lit Communities ("Lit") to further fund and accelerate the construction of Lit's fiber-based network in unserved and underserved communities across the United States. Lit's existing shareholders, including Stephens Capital Partners ("Stephens"), The Pritzker Organization ("TPO") and the Lit management team, are all remaining shareholders and plan to continue to support the business going forward.
Quick answer
Lit Communities raised an undisclosed amount in a funding round, dated May 4, 2023. Investors: Pritzker Group, Lit Management Team, Pritzker Organization, Stephens Capital Partners and Oak Hill Capital. Lit Communities is based in Menlo Park, California, United States.
- How much did Lit Communities raise?
- Lit Communities raised an undisclosed amount in a funding round on May 4, 2023.
- Who invested in Lit Communities?
- Pritzker Group, Lit Management Team, Pritzker Organization, Stephens Capital Partners and Oak Hill Capital are named as investors in this round.
- What does Lit Communities do?
- Lit Communities provides a full, turnkey solution for building broadband infrastructure in communities of all sizes, enabling them to create digital equity for their residents, businesses, and municipalities.
- Where is Lit Communities based and how big is it?
- Lit Communities is based in Menlo Park, California, United States.
- Who are the decision-makers at Lit Communities?
- Fundz holds 1 contact at Lit Communities. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Real Estate and Security around the same time
Companies in the same sectors as Lit Communities that raised within 45 days of this round, from Fundz verified event records.
- SKYX Platforms raised $12M on April 28, 2023.
- SKYX Platforms raised $2M on April 27, 2023.
- SKYX Platforms raised $2.3M on March 29, 2023.
- Commonplace raised $2.7M (Seed) on June 14, 2023.
- Rosarium Health raised $1.7M (Pre-Seed) on June 13, 2023.
- Nuburu raised $9.2M on June 13, 2023.
Who to call at Lit Communities, and when
A new round usually means Lit Communities is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Lit Communities raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Lit Communities, from your own LinkedIn network
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Fundz sees it the moment Lit Communities raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Lit Communities raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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