Boston, MA – Capstone Partners advised SmartSky Networks LLC (“SmartSky” or the “Company”), a leading provider of next generation in-flight connectivity to the aviation industry, on an investment from Tiger Infrastructure Partners, Meritage Funds, Platform Partners and WP Global Partners. Terms of the transaction were not disclosed.
Established in 2011, SmartSky is creating the first 4G-LTE based, Air-to-Ground communications network in the U.S. to provide next generation in-flight connectivity to the aviation industry. The Company intends to use the proceeds from this growth equity financing to conduct an end-to-end system demonstration on a multi-site network, and commence network deployment activities prior to the rollout of nationwide commercial service beginning in 2016.
“We are delighted to partner with Tiger, Meritage and Platform at this important stage in SmartSky’s evolution as a company,” said Haynes Griffin, Chairman and CEO of SmartSky. “These investors’ track record of growing communications infrastructure businesses is impressive, and we look forward to gaining their perspective as we build our cutting-edge network.”
Phil Seefried, Founder & CEO of Capstone, commented, “With this financing, SmartSky is poised to dramatically enhance the quality of in-flight communication and entertainment. This management team and these investors are a potent combination.”