Equipped with $15M, Andrena aims to scale its wireless model
A new wireless broadband company is emerging in the Northeast. And with $15 million from Dragonfly Capital, it hopes to take its end-to-end connectivity model nationwide.
Andrena, which got its start in 2017, is working to deliver affordable broadband to buildings by partnering with real estate owners and property managers through a revenue-share arrangement. The company currently provides service in “a bunch of different pockets” in Pennsylvania, New Jersey and New York, with a couple of deployments in Florida as well, said co-founder and CEO Neil Chatterjee in a conversation with Light Reading.
Rather than a fixed-wireless access (FWA) provider, Andrena is more of a fixed-wireless transport provider, said Chatterjee. The company incorporates decentralized wireless elements into its network and is one of the “largest deployers” of Helium 5G, which offers cryptocurrency for hosting its hotspots.