Airwide Solutions, a global leader in providing mobile infrastructure software to enable, enhance and ensure mobile communications for wireless operators, today announced it has secured $25m in Series D funding. The financing was led by a new investor, Advent International, with participation from existing investors Artiman Ventures, Axiom Venture Partners, Key Venture Partners, and Kodiak Venture Partners. Airwide plans to use the investment to fund its continuing growth and expansion, to support new product developments and to pursue strategic opportunities.
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Fund complements PAI's existing large-cap strategy with the aim of targeting mid-sized companies across Europe
Fund invests in European digital platforms and marketplaces, targeting pre-seed and seed rounds
Management team is led by Chris Shaw who was appointed as chief executive in September 2017