Gigstreem, which provides commercial and residential broadband networks, said it had raised $59 million in two rounds of funding, all coming from existing investors.

"The first transaction, which raised $19 million for Gigstreem, was led by Crestline Investors, Inc. ("Crestline") and included participation from real estate technology venture capital firm RET Ventures and multifamily industry leaders Essex Property Trust and UDR, Inc. ('UDR'); capital from this raise will help Gigstreem more rapidly scale its growth and deploy internet services to markets across the country," the company said in a press release. "Crestline led an additional $40 million raise in March 2023 to provide Gigstreem with the strategic capital to pursue acquisition opportunities."

The company provides Internet service to apartment buildings, residential communities, businesses, and events. Tenants go to Gigstreem and can get service, necessary equipment, and installation with "reliability connectivity anywhere on the property."