Federated Wireless secures $14M more in Series D for private 5G

Federated Wireless closed on an additional $14 million in Series D funding, bringing its total raised in the round to $72 million. 

With the additional funding, the company added affiliates of Fortress Investment Group, Giantleap Capital and LightShed Ventures to its list of investors. Existing investor GIC, Singapore’s sovereign wealth fund, also participated.

The additional investments bring total raised to date to about $213 million. The company is concentrating its latest rounds of funding on programs to speed time to market for new product capabilities and ecosystem development.

“Private wireless is one of the most transformative enterprise technologies to emerge since the cloud,” stated Federated Wireless CFO Loren Buck, in a statement. “We continue to invest aggressively to support explosive demand, maintain our industry leadership and deliver on the promise of 5G private wireless for our clients.”

Dell’Oro analyst Stefan Pongratz recently said that according to preliminary 4Q21 estimates, private 5G new radio (NR) revenues, including macros and small cells, still comprise less than 1% of the overall 5G RAN market. At the same time, private 5G revenues are accelerating at a much faster pace than public investments. But it will take some time to move above the noise with the current baseline, said Pongratz.

According to Dell’Oro, the Asia Pacific region dominated the private wireless market in 2021, underpinned by China’s ambitious industrial 5G goals.

Verizon Business’ SVP of Global Enterprise Massimo Pesselli recently visited customers throughout Verizon’s AsiaPac region, speaking with many of them about private wireless. Pesselli will be speaking at Fierce Wireless’ upcoming Private Wireless Networks Summit May 9-11.

For its part, Federated Wireless was the first to market with a CBRS Spectrum Access System (SAS), and the company has played a pivotal role in building the ecosystem and infrastructure to support mainstream adoption of shared spectrum and private wireless solutions.