Sail Internet eyes expansion after Newlight Partners’ equity investment
Sail Internet, Inc., which offers high-speed internet in the San Francisco Bay area via fiber and wireless, says it has received an equity investment from affiliates of Newlight Partners LP, a private investment firm. However, it declines to say how much. The money will go toward expanding Sail’s footprint. Sail’s existing investors, including Ulu Ventures, Engineering Capital and Better Ventures, maintained their stakes in the business.
Kevin Fisher and George Ginis founded Sail in 2015. “We started Sail Internet because we were fed up with the slow, unreliable, expensive broadband service offered by the large incumbents. This is the next step in Sail’s evolution as we seek to fulfill our mission to deliver quality, high-speed, next-gen internet designed to meet consumers’ and businesses’ needs today and into the future,” said Fisher, who is Sail’s CEO. “We are thrilled to leverage Newlight’s sector expertise as we accelerate our expansion efforts and continue to execute on our strategic growth plans.”
“The resources required to meet the evolving needs of our customers, more of whom are working from home than ever before, are expanding rapidly,” added Ginis, Sail’s head of technology. “Newlight’s investment will enable Sail to continue to innovate, build our network throughout the San Francisco Bay Area and beyond, and provide greater choice and best-in-class service.”
“In just a short period of time, Sail has built an innovative high-speed broadband network from the ground up, raised the bar for ISP customer service, taken market share from more established providers, and is poised for growth,” said Joshua Ho-Walker, managing director at Newlight. “We are excited to partner with the talented team at Sail to accelerate the company’s development, capture growth opportunities and build the business through both organic initiatives and strategic acquisitions.”
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Stephen Hardy | Editorial Director and Associate Publisher, Lightwave
Stephen Hardy is editorial director and associate publisher of Lightwave and Broadband Technology Report, part of the Lighting & Technology Group at Endeavor Business Media. Stephen is responsible for establishing and executing editorial strategy across the both brands’ websites, email newsletters, events, and other information products. He has covered the fiber-optics space for more than 20 years, and communications and technology for more than 35 years. During his tenure, Lightwave has received awards from Folio: and the American Society of Business Press Editors (ASBPE) for editorial excellence. Prior to joining Lightwave in 1997, Stephen worked for Telecommunications magazine and the Journal of Electronic Defense.
Stephen has moderated panels at numerous events, including the Optica Executive Forum, ECOC, and SCTE Cable-Tec Expo. He also is program director for the Lightwave Innovation Reviews and the Diamond Technology Reviews.
He has written numerous articles in all aspects of optical communications and fiber-optic networks, including fiber to the home (FTTH), PON, optical components, DWDM, fiber cables, packet optical transport, optical transceivers, lasers, fiber optic testing, and more.
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