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Wireless

NextNav raises USD 120 mln to roll out indoor positioning system in US

Wednesday 15 January 2020 | 15:43 CET | News
The indoor positioning specialist NextNav announced it has raised USD 120 million in new debt and equity financing, to support the roll-out of its beacon system across the US. Funds managed by affiliates of Fortress Investment Group led the round, with NextNav's existing investor base, including Columbia Capital, Telcom Ventures, funds managed by Goldman Sachs, NEA, Oak Investment Partners and Future Fund, all participating.

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Categories: Mobile & Wireless
Countries: United States
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