WESTLAKE VILLAGE, Calif., Sept. 8 /PRNewswire/ -- In-flight broadband provider Row 44 announced today the company closed its Series B funding round, raising $37 million in new equity investment.
"This investment gives Row 44 the operating capital to continue executing on our North American launch with the Southwest Airlines fleet and our aggressive network build-out, enabling us to support airline customers across the globe," said CEO John Guidon. "In this difficult funding environment, Row 44 is pleased our current and new investors recognize both Row 44's commitment to efficient use of capital as well as the tremendous opportunity our in-flight broadband system represents for airlines – and their shareholders – around the world."
Row 44's latest funding includes participation by two new institutional investors along with PAR Capital Management, who previously led Row 44's $21 million Series A investment round. Additional investment came from Larry Kellner, president of Emerald Creek Group; Mr. Kellner was previously the Chairman and CEO of Continental Airlines.
About Row 44
Row 44, Inc. is the world's leading broadband Mobile Service Provider to commercial aviation. The company's Wi-Fi hotspots in the sky offer the fastest broadband speeds to the plane. Row 44's broadband solution is supported by the global satellite infrastructure of Hughes, which has shipped more than 1.9 million broadband satellite terminals to customers in over 100 countries. For more information visit www.row44.com.
SOURCE Row 44, Inc.