Pivotal Commware Raises $102 Million Series D Round To Accelerate Mmwave Wireless Fwa Rollout
Aug 17, 2023•almost 2 years ago
Amount Raised
$102 Million
Round Type
series d
Investors
Lux CapitalDig Investment Xv AbThermo CompaniesDevonshire InvestorsVerizon VenturesBlue Investment GroupFortress Investment Group, LlcTracker CapitalGates Frontier
Description
Pivotal Commware, global leader in 5G mmWave infrastructure products, announces the closing of a $102 million Series D round led by Gates Frontier and Tracker Capital. Joining them as co-leads in the round are funds managed by affiliates of Fortress Investment Group, LLC, and Blue Investment Group. Among Pivotal’s existing investors, Verizon Ventures, Devonshire Investors, Thermo Companies, DIG Investment XV AB and Lux Capital also participated.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech