Singapore: GIC backs $42m Series B in Federated Wireless

Singapore: GIC backs $42m Series B in Federated Wireless

Photo: Bloomberg

Federated Wireless, a subsidiary of London-listed Allied Minds, has closed a $42 million Series B round backed by Singapore’s sovereign wealth fund GIC. The round was led by Nasdaq-listed corporates Charter Communications and ARRIS International, and NYSE-listed American Tower.

The company will use the proceeds to invest in sales and marketing capabilities, customer support and deployment services.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter