SANTA MONICA, Calif.-Boingo Wireless Inc., a wholesale network aggregator and operator of Wi-Fi networks, raised $65 million in Series C funding from new and existing investors.
Boingo said the funds will provide long-term capital and underwrite its acquisition of Concourse Communications Group L.L.C., operator of airport Wi-Fi hot spots. Boingo recently acquired the company for an undisclosed price.
Mitsui & Co. led the funding round, while new investors Steelpoint Capital Partners and Red Rock Ventures also participated.
In separate news, mobile-phone distributor Brightstar Corp. received a $50 million investment from partner Mitsui & Co. Ltd.
Brightstar said it plans to use the cash to expand its new operations in Southeast Asia.
