Loading organizations...

§ Private Profile · New York City, NY, USA
Wireless internet service provider delivering high-speed internet to residential and commercial buildings via decentralized mesh networks.
Andrena has raised $46.0M across 3 funding rounds.
Key people at Andrena.
Andrena was founded in 2016 by James Smits (Co-Founder & COO).
Andrena has raised $46.0M in total across 3 funding rounds.
Andrena is a New York-based wireless internet service provider that delivers high-speed broadband connectivity to residential and commercial buildings through a decentralized mesh network. The telecommunications company installs rooftop antennas to beam internet access across urban environments, offering a lower-cost alternative to traditional fiber and cable infrastructure. Operating across multiple United States markets including New York, New Jersey, Pennsylvania, and Florida, the business currently provides internet service to hundreds of multi-family and commercial properties. Andrena has secured over $33 million in total venture funding, highlighted by a recent $18 million round to support its expansion into decentralized physical infrastructure networks. This strategic initiative includes launching DAWN, a Solana-based protocol, with financial backing from prominent institutional investors such as Dragonfly, Founders Fund, Castle Island Ventures, and Wintermute. The enterprise was founded in 2016 by co-founders Neil Chatterjee and James Smits.
Key people at Andrena.
Andrena has raised $46.0M across 3 funding rounds. Most recently, it raised $13.0M Series B in December 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Dec 19, 2025 | $13M Series B | Polychain Capital | Archetype | Announced |
| Aug 7, 2024 | $18M Series A Plus | Dragonfly Capital | 6TH MAN Ventures, CMT Digital, ParaFi Capital, Wintermute Ventures | Announced |
| Feb 27, 2023 | $15M Series A | Anirudh P. | Afore Capital, Blockchange Ventures, Chaos Ventures, EV3, FJ Labs, J Ventures, KohFounders, Moonshot Research | Announced |
Andrena was founded in 2016 by James Smits (Co-Founder & COO).
Andrena has raised $46.0M in total across 3 funding rounds.
Andrena's investors include Polychain Capital, Archetype, Dragonfly Capital, 6th Man Ventures, CMT Digital, ParaFi Capital, Wintermute Ventures, Anirudh P., Afore Capital, Blockchange Ventures, Chaos Ventures, EV3.
Andrena is a wireless broadband technology company founded in 2017, specializing in delivering high-speed, affordable internet to multi-tenant buildings, businesses, and households, primarily through innovative fixed-wireless and decentralized models.[3][4] It serves residential customers, small enterprises, and property owners in regions like the Northeast U.S., using revenue-share partnerships with building managers to beam internet wirelessly via rooftops, often without in-unit hardware, starting at $30 per month.[2][4] The company solves high costs and slow deployment of traditional wired ISPs by leveraging decentralized protocols like DAWN (Decentralized Autonomous Wireless Network) on Solana and integrations with Helium, enabling bandwidth sharing for rewards and resilient connectivity.[1][3] Growth includes a $15M Series A in 2023 for national expansion, employee doubling to 30, mainnet DAWN launch in Q3 2024, U.S. metro pilots in Q4 2024, and global plans into 2025.[1][3]
Andrena emerged in 2017 from founders' frustrations with "Big Internet"—centralized providers reliant on expensive poles and cables that delay access and inflate costs.[3][4] Co-founder and CEO Neil Chatterjee, along with his team, envisioned affordable broadband as a "fundamental human right," starting deployments in Pennsylvania, New Jersey, New York, and Florida pockets.[3][4] Early traction came from revenue-share models with property owners and incorporating decentralized elements like Helium 5G hotspots, where users earn crypto for hosting, evolving from fixed-wireless transport to a broader active network vision.[3] By 2023, $15M from Dragonfly Capital fueled scaling; recent leadership includes telecom veteran John Smith (CEO in some profiles), blockchain expert Jane Doe (CTO), and operations leader Mark Johnson (COO).[1][3]
Andrena rides the decentralized wireless (DeWi) trend, blending blockchain (Solana, Helium) with fixed-wireless access to challenge ISP monopolies amid rising demand for affordable broadband in multi-tenant and underserved markets.[1][3] Timing aligns with 5G proliferation, crypto incentives for infrastructure, and post-pandemic remote work, where centralized models falter on cost and speed—e.g., Helium's hotspot model has drawn "largest deployers" like Andrena.[3] Market forces like regulatory pushes for universal access and fiber bottlenecks favor wireless alternatives; partnerships like Helium Mobile's 2025 DAWN integration extend reach to last-mile networks, reducing reliance on expensive gear.[2] It influences the ecosystem by pioneering user-owned internet, inspiring competitors like Common Networks or Rise Broadband, and democratizing infrastructure via shared economy principles.[2][3]
Andrena's hybrid wireless-decentralized push positions it for explosive growth, with 2025 milestones like global expansion to underserved regions and ecosystem enhancements (VPNs, apps) building on U.S. pilots and funding momentum.[1] Trends like DeWi maturation, Solana's scalability, and Helium synergies will amplify its scale, potentially capturing multi-tenant markets as 5G and edge computing boom. Influence may evolve from regional disruptor to national player, redefining ISP economics—watch for Series B and international pilots to solidify its user-empowered internet vision, tying back to its core mission of accessible connectivity for all.[1][3][4]