Andrena Raises $15 Million in Series A Funding, Advancing Its Mission to Provide Next-Gen & Affordable Internet for All


High-speed Internet provider conquering the digital divide in underserved urban areas, with round led by Dragonfly Capital

Andrena, a company that provides high-speed residential and commercial Internet, today announced it has raised $15 million in Series A funding, to continue supplying affordable and reliable Internet solutions nationwide. The round was led by Dragonfly Capital, a global, crypto-focused investment firm, and was backed by existing investors Afore CapitalFJ LabsCastle Island VenturesChaos VenturesKohFounders, and J Ventures, as well as new investors Blockchange VenturesMoonshot Research, and EV3.

Andrena uses cutting-edge radio technology to create wireless networks by deploying a series of antennas to provide Internet across urban geographies. The company partners with real estate owners and property managers to provide affordable Internet to their residents, while simultaneously future-proofing properties with a connectivity fabric for smart-home technology. Andrena unlocks a unique end-to-end wireless delivery for building residents and operations, as well as the surrounding neighborhood. The result is a city-wide wireless network that provides building owners a next-gen Internet amenity at no cost to them, while providing an affordable, attractive Internet option for their residents and the surrounding community.

"The digital divide is a very real problem in communities across the US, and Andrena's mission is to tackle that problem directly by providing affordable and convenient Internet so consumers have immediate access to remote work, educational opportunities, telehealth, and more," said Neil Chatterjee, Co-Founder and CEO of Andrena. "In the process of building a new affordable Internet solution, we created a system that simultaneously caters to luxury apartments as well. We believe that solving the connectivity needs of both types of properties can usher in the next generation of Internet. With this new funding, we plan to expand our service to hundreds of thousands of households, continuing to bridge the gap between access and affordability, with a premium solution."

Andrena currently has operations in New York, New Jersey, Pennsylvania, Connecticut, and Florida, and will use this capital to rapidly expand to a national footprint in states including Tennessee, Texas, California, Georgia, Wisconsin, Ohio, and more.

"Just as electrification and the rise of the automobile industry were key drivers in ushering America into modernity a century ago, our firm similarly believes crypto is the connective tissue necessary to rewire the world today - which is all highly reliant on the ubiquity of high-speed Internet. Sadly, in the US alone, over 83 million people still lack access to more than one home Internet option," said Anirudh Pai, Partner at Dragonfly Capital, who led the investment. "We love the mission of Andrena, and the seamless experience they're providing for residents and commercial tenants, alike, in partnership with forward-thinking real estate property owners and managers. We believe the company's business model and mission will foster greater equity and inclusion, overall." 

Last year, through a contract with the Jersey City Housing Authority, Andrena partnered with the city to provide public housing residents with a new affordable Internet option. The company also participates in the Federal Government's Affordable Connectivity Program (ACP), which helps eligible households pay for Internet service. The program is available for new and existing Andrena customers. 

If you are a real estate manager or owner and are interested in learning more about bringing Andrena to your residents, please contact [email protected]

About Andrena

Andrena provides high-speed Internet starting at $25 per month, partnering with real estate to use rooftops to set up services building-to-building in underserved urban areas - expanding its network wirelessly and serving residents along the way. Andrena conducts 100% of its installations up front, so residents can sign up online and immediately access Internet service - no more waiting around for an installation specialist to activate each subscriber. Backed by leading venture capital funds, Andrena currently has operations in New York, New Jersey, Pennsylvania, and Florida, and plans to steadily expand its national footprint. To learn more about real estate partnerships or to see if Andrena high-speed Internet is available to you, visit

About Dragonfly Capital

Dragonfly Capital is a global, crypto-focused investment firm that partners with crypto founders in all stages of development, from seed to series D, to liquid tokens. With a global team of over 40 professionals, Dragonfly focuses on working closely with founders to solve their most pertinent problems on tech, product and go-to-market. For more information, please visit

Contact Information:
Dan Capawana
ICR for Andrena
[email protected]

Original Source: Andrena Raises $15 Million in Series A Funding, Advancing Its Mission to Provide Next-Gen & Affordable Internet for All

Share post:

how to submit press releasehow to submit press release


More like this

StormForge Announces Partnership With Kumina

StormForge and Kumina partner to help customers achieve Kubernetes efficiency and reduce cloud costs.

StormForge Announces Partnership With Kumina
StormForge Announces Partnership with Kumina

Illustrated newspaper 'StormForge Times' with front page article announcing Kumina partnership

StormForge, the leader in Kubernetes resource optimization, today announced their partnership with Kumina. The Netherlands-based company with over a decade of experience in providing mission-critical IT services will offer StormForge's Kubernetes resource optimization solution Optimize Live.

Together, Kumina and StormForge will provide Kubernetes users with an all-inclusive package comprising managed Kubernetes services and advanced optimization capabilities.

This partnership will help users enhance the performance and efficiency of their Kubernetes clusters, reducing costs and freeing up resources to focus on other aspects of their business. Consequently, Kumina's expertise in managing Kubernetes clusters with customized IT solutions will assist users in maximizing the performance of the optimization platform provided by StormForge.

Kumina's CEO Tim Stoop is enthusiastic about the benefits customers gain from integrating StormForge:

"I was impressed how Optimize Live has solved a whole class of customer issues with one solution, reliably and deterministically, while actually allowing resource usage to go down as a whole. We can help customers scale with confidence and cut costs with StormForge without sacrificing user experience. I am really excited about the potential that StormForge brings to the table."

Optimize Live

StormForge Optimize Live applies machine learning to existing Kubernetes metrics to make real-time, actionable recommendations to resource settings for any deployment running in Kubernetes. By optimizing CPU and memory settings, customers can save cloud resources and money, reduce the business risk of poorly performing applications, and get their developers focused on innovating, not tuning their Kubernetes environment. StormForge's Solutions Architect Niels Roetert expresses enthusiasm regarding the benefits afforded by the solution:

"StormForge Optimize Live provides Pod resource right-sizing and can set optimal TargetUtilisation values for Kubernetes HPA to operate on. It does so continuously and without any human effort (configurable) at large scale. This results in resource and cost savings most of the time, when beneficial, resources are actually added to facilitate a better performing and more reliable application, which is a win-win for the application owner either way."

About Kumina

Kumina supports its customers by a fully managed Kubernetes solution that includes consulting, training and unlimited support hours. The company focuses on enhancing the infrastructure and cloud hosting capabilities of its customers in order to improve the performance, reliability, and security of their IT systems. For more information, please visit: 

About StormForge

StormForge brings together world-class data scientists and software engineers to enable breakthrough IT and operations efficiency. StormForge is set apart by its unwavering focus on building AI-powered software products that are designed to help people, not replace them. The StormForge platform uses ML to significantly reduce cloud costs and improve reliability by right-sizing Kubernetes application resources, automatically and continuously. For more information, please visit:

Contact Information:
Tom Ellery
[email protected]

Paraskevi Tragotsalou
[email protected]

Original Source: StormForge Announces Partnership With Kumina

Mimecast: Angler Phishing — What to Know About This Relatively New Threat

NEW YORK, March 29, 2023 ( - Mimecast: While the term "phishing" has been around since the mid-90s, a relatively new version of phishing is begin...

Bob Yari and Marvin Peart launch WonderHill Studios

Source: Octavia KleinBob Yari and Marvin Peart Entertainment industry...