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Announced

Completed

Axon Capital Khosla Ventures and Prime Movers Lab led a $170m round in Tarana Wireless.

Financials

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Transaction Value£128m
Consideration TypeCash
Capital Owned-
Capital Bid For17%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Private

Digital Services

Completed

Friendly

Minority

wireless performance

United States

Domestic

Single Bidder

Private Equity

Venture Capital

Synopsis

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Axon Capital Khosla Ventures and Prime Movers Lab led a $170m round in Tarana Wireless, a provider of the wireless alternative, with participation from Michigan State Pension Fund and I Squared Capital. “The key ingredient driving our rapid expansion is overwhelming customer demand for G1, the world’s most advanced fixed wireless access platform. Like fiber, G1 delivers ultra-fast internet service with impressive upstream and downstream speeds, but with dramatic improvements in both cost and time to deploy. Finally, true high-speed broadband can be delivered to anyone, anywhere - rapidly and economically," Basil Alwan, Tarana CEO.

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