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Row 44 closes $37M funding round

By   /   Wednesday, September 8th, 2010  /   Comments Off on Row 44 closes $37M funding round

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Row 44, a Westlake Village-based company that provides wireless Internet on commercial airlines, announced Sept. 8 that it had closed a $37 million round of private financing.

The new Series B round brings Row 44’s venture capital total to more than $60 million since 2008.

“This investment gives Row 44 the operating capital to continue executing on our North American launch with the Southwest Airlines fleet and our aggressive network build-out,” CEO John Guidon said in a Sept. 8 news release.

About $28 million of the new round came in April and was included in a PriceWaterhouseCoopers report on the top venture capital deals of the second quarter. The rest was secured more recently.

The Series B round includes participation by two new institutional investors, along with PAR Capital Management, which led Row 44’s $21 million Series A investment round in 2008.

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