News comes from LastMile Communications that it has smashed the £3m target in its latest private equity funding round, pulling in £4.1m from investors.
The content delivery firm, which was central to recent trials of municipal Wi-Fi in Exeter, now has £10.5m in equity funding plus a £6.4m loan from an unspecified "major technology partner". One of its main backers is the "defence" firm QinetiQ, which was also involved in the Exeter trials.
Interesting to see the concept of muni Wi-Fi plowing ahead in the UK, despite hitting the brakes somewhat over in the States. That's some serious money going to LastMile - now what about that business case?