Element8, a Fort Worth, TX-based Internet Service Provider (ISP), raised $200M in Strategic Investment.
The round was led by Digital Alpha.
The company intends to use the funds to accelerate growth strategy including organic growth, strategic acquisitions, and greenfield network infrastructure expansion.
Led by President and CEO Kevin Grace, Element8 is a telecommunications company that specializes in providing broadband network connections to tertiary and rural markets through a variety of technologies. The executive team also includes James Fair, Dustin Dvorak, Mike Field, and Jonathan Van bring.
In conjunction with the deal, Element8 moved to acquire Oklahoma City-based high-speed internet provider AtLink Services for an undisclosed sum. The completion of this acquisition remains subject to regulatory approvals and certain other customary closing conditions.
In addition, the company is to partner with Tarana, a wireless platform developer that is advancing broadband with its next-generation fixed wireless access (ngFWA) solution—Gigabit 1 (G1)—which delivers internet speeds up to a gigabit per second.
