Aerwave is a technology company.
Aerwave is transforming the way multifamily communities connect. With a resident-first approach and cutting-edge Managed Wi-Fi solutions, we deliver fast, reliable internet backed by 24/7 domestic support.
Aerwave has raised $40.0M across 2 funding rounds.
Aerwave has raised $40.0M in total across 2 funding rounds.
Aerwave has raised $40.0M in total across 2 funding rounds.
Aerwave's investors include FasterCapital, Moderne Ventures.
Aerwave is a technology company founded in 2019 that provides next-generation Managed Wi-Fi solutions tailored for multifamily residential communities across the United States[1][2][3][4]. It delivers fast, reliable gigabit-speed internet with a resident-first approach, including 24/7 domestic support, private networks, VLANs for data isolation, and unique encryption to enhance security and everyday living[1][4]. Serving property owners, operators, and residents, Aerwave solves connectivity challenges in multifamily properties by enabling smart homes, self-guided tours, Wi-Fi calling, and real-time insights, while retrofitting existing buildings to boost resident satisfaction and property value[2][4]. The company has raised $20 million in Series A funding, operates in 28+ markets with 60K+ units and 175+ communities, and is trusted by 30% of NMHC owners and managers, demonstrating strong growth momentum[1][2][4].
Headquartered in Dallas, TX (with early mentions in Beltsville, MD), Aerwave's mission is to reimagine connectivity for modern living, with a vision to become North America's most trusted provider for real estate owners and operators[1].
Aerwave was founded in 2019 by Alex Wey, Daniel Jensen, and Daniel Jensen, leveraging over 150 years of combined multifamily experience from its team[1][3]. The founders, drawing from real estate and technology backgrounds, identified the need for a "Digital Foundation" transformation in multifamily housing, where unreliable Wi-Fi hinders resident experience and property operations[2][3]. Early traction came from its resident-centric model, leading to partnerships with industry leaders like JVM Realty, Knightvest Residential, Gables, and JBG Smith[1]. A pivotal moment was securing $20 million in Series A funding in November 2022, solidifying its business model for scalable, network-intelligent connectivity[2].
Aerwave stands out in the multifamily Wi-Fi space through these key features:
Aerwave rides the trend of mission-critical broadband in multifamily housing, where reliable connectivity is essential for resident retention, smart property tech, and operational efficiency amid rising digital demands[1][4]. Timing aligns with the post-2020 surge in remote work, streaming, and IoT, amplified by market forces like NMHC-recognized property managers prioritizing Wi-Fi as a core amenity—30% of whom trust Aerwave[1]. It influences the ecosystem by leading "network intelligence" evolution, enabling Wi-Fi calling norms, self-guided tours, and smart homes, while retrofitting infrastructure boosts property values in a competitive rental market[2][4].
Aerwave is poised for expansion with its $20M funding fueling growth beyond 60K units, targeting more markets and advanced features like AI-driven network optimization[2][4]. Trends like 5G-Wi-Fi convergence, edge computing for multifamily IoT, and sustainability-focused retrofits will shape its path, potentially capturing larger shares of the $10B+ U.S. multifamily tech market. Its influence may evolve from Wi-Fi specialist to full Digital Foundation platform, solidifying trust with owners and reimagining connectivity as North America's go-to for modern multifamily living[1][2].
Aerwave has raised $40.0M across 2 funding rounds. Most recently, it raised $20.0M Series B in September 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Sep 1, 2024 | $20.0M Series B | FasterCapital, Moderne Ventures | |
| Oct 1, 2022 | $20.0M Series A | FasterCapital, Moderne Ventures |