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TeraGo Networks lands another round of financing, continues solid growth

News | 02/04/2003 5:00 am EST

Wireless data communications provider TeraGo Networks Inc. has scored another injection of cash from its key investors, allowing the company to continue its network build in the Toronto region. This latest round provides the company with another $14 million, bringing total investment in the firm over the last 20 months to $36 million. Some of the company’s key investors include Dolphin Equity Partners, Dynamic Ventures Opportunities Fund, Ontario Municipal Employees Retirement System and CIT Group. With backing from Dolphin, TeraGo won 70 licences in the 24/38 GHz spectrum auction (RoW, Nov. 29/99).

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