Moderne Ventures led a $20m Series A round in Aerwave.

Moderne Ventures, a venture capital firm, led a $20m Series A round in Aerwave, a next-generation connectivity platform, with participation from World Cinema, Westover Companies and Equity Residential. "We saw a need in the market for a holistic approach to connectivity that was not being met by existing telecommunications providers in the multifamily space. Today's multifamily communities are hosting more technology than ever intended to enhance the resident experience, and yet, without a solid connectivity platform to support those technologies – what we call the Digital Foundation – they become unreliable and, in fact, detract from the resident experience. By working with building owners to understand their technology objectives, we can help design and deliver a more reliable, higher quality network while ultimately creating a better overall technology experience for owners and offering residents instantly available home Wi-Fi throughout their entire communities using our patented adaptive networking software," Alex Wey, Aerwave Founder and Chief Executive Officer.