Flume is revolutionizing the home broadband industry with its ambitious goal of bringing gigabit internet to major US cities such as NYC, LA, and Hartford. The company distinguishes itself by building the largest asset-light fiber internet provider in the US, strategically leveraging under-used data centers and fiber infrastructure. Flume's focused approach on residential multifamily properties has facilitated rapid growth, with over thousands of homes served and a goal of expanding to over 65,000 homes by the end of this year. Despite operating with a lean team of less than 10 people, Flume has managed to achieve significant milestones since its 2019 founding. As a prominent player in the Information Technology, Internet, and IoT industries, Flume has attracted support from top VCs, bolstering its position in the market. The company's success in selling bulk broadband to multifamily owners and small municipalities underscores its potential for sustained growth. Although specific details regarding the last investment and investors are not available, Flume's innovative business model and strong market presence position it as an attractive opportunity for potential investors in the ever-evolving broadband infrastructure landscape. For more information, visit Flume's official website.
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