NextWeb Receives $3.5 Million in Funding to Support Continued Expansion

"NextWeb, California's largest fixed-wireless Internet service provider for business, has received $3.5 million in funding to continue the expansion of its broadband fixed-wireless
Internet service.
NextWeb's latest round of funding is comprised of Series E equity
financing from existing investors and a revolving line-of-credit from Silicon Valley Bank, totaling $3.5 million. Initiating the equity round were Kaiser Permanente National Ventures and Saints Capital, a leading direct secondary acquirer of venture capital and private equity investments in emerging growth companies around the globe. This brings NextWeb's total funding to date to approximately $10 million."