Overview

Starry provides internet services focused on speed, reliability, and simplicity. It operates in the broadband market, catering to a diverse clientele, including individual households and apartment buildings. Starry offers high-speed internet at a lower cost, allowing customers to save approximately $30 per month compared to other providers. The company emphasizes exceptional customer service, with easy installation and a risk-free guarantee that allows customers to cancel within the first 30 days for a full refund if not satisfied. Additionally, Starry has a social initiative called the Starry Connect Program, which aims to provide affordable broadband to families in need, showcasing its commitment to digital inclusion. The company also partners with apartment buildings to expand its reach and generates revenue through monthly subscriptions for its internet services.

Simplify's Take

What believers are saying

• Starry's restructuring positions it for growth in urban markets like Boston and NYC.
• Partnerships with apartment buildings expand Starry's customer base in multi-dwelling units.
• Starry's focus on digital inclusion differentiates it in competitive broadband markets.

What critics are saying

• Exiting the Columbus market suggests challenges in maintaining strategic partnerships.
• Recent Chapter 11 bankruptcy indicates potential financial instability for Starry.
• Reliance on fixed wireless technology may face competition from fiber-optic providers.

What makes Starry unique

• Starry offers a unique ambient touchscreen Wi-Fi station for easy home network control.
• The company focuses on high-speed internet using high-frequency spectrum technology.
• Starry's social impact initiative, Starry Connect, aims to provide affordable broadband to families.

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Funding

Total Funding

$280.1M

Above

Industry Average

Funded Over

6 Rounds

Notable Investors:

Tiger Global

Notable Investors:

Tiger Global

$30,000,000

Post IPO Debt

Dec 2022

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Post IPO Debt Funding Comparison

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