ESpace Networks Accelerates Growth With $10 Million Investment From Columbia Capital
The Floridant/10232744

MIRAMAR, Fla. ~ Miramar, Florida-based software company ESpace Networks announced the successful closing of its Series A round today, receiving a $10 million investment from Columbia Capital. The funding will be used to further advance the company's leadership in providing customers with intelligent connectivity solutions for moving things.

ESpace Networks CEO and Co-Founder Benny Retnamony expressed his delight at partnering with Columbia Capital for the next phase of growth. "Columbia Capital's deep knowledge and understanding of the complex and high-value connectivity problems we are solving really stood out," he said.

Joining the Board of Directors as Chairman is Rupert Pearce, former CEO of Inmarsat. His track record and experience in the satellite and mobile broadband industry will be invaluable in supporting ESpace Networks' next stage of growth. Walé Adepoju, founder of IMDC and former CCO/COO of Global Eagle, will also join the Board. Adepoju has been a leading figure in developing connectivity, media, and technology in commercial aviation for over 25 years - a key market for ESpace Networks.

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The company has achieved significant milestones over the past year, including successful product launches with Fortune 500 customers in both cruise and commercial aviation sectors. Monish Kundra, Partner at Columbia Capital commented on their investment: "We believe ESpace Networks' solutions allow customers to take full advantage of a generational shift in the satellite connectivity market...We couldn't be more excited to back the ESpace Networks team as they continue to scale the business and address this rapidly growing market need."
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