Nrby Secures Series A Funding Targeting Accelerated Growth in Global Broadband Service Provider Market
FOR IMMEDIATE RELEASE
MANCHESTER, NH, January 18, 2023 — Nrby, a leader in dynamic location intelligence for broadband service providers and utilities, announced today it has completed its Series A growth round led by Verstra Ventures and xiVENTURES Fund, both based in Toronto, Canada.
The Nrby platform simplifies and improves operations by turning every location and asset into actionable digital data. Today, the platform empowers some of the largest North and South American wireless, fiber, and broadband service providers to accelerate infrastructure build-outs, optimize tech operations, reduce trouble calls, and improve network performance, ultimately resulting in substantial cost savings and higher customer satisfaction scores.
Kurt Dobbins, CEO of Nrby, Inc., said, “We are thrilled to have the support of Verstra Ventures and xiVentures Fund as we continue to grow and evolve our dynamic data platform. Our goal is to empower wireless, fiber, and broadband communication providers with the tools and insights they need to succeed in an increasingly competitive market. We are confident that this funding will help us to accelerate our growth and bring our solutions to more customers around the world.”
“We are excited to be a part of Nrby’s journey as they continue to revolutionize the way broadband service providers manage their networks,” said Matan Hazanov, Managing Director of Verstra Ventures. “The market opportunity for Nrby’s platform is huge, and we believe that their innovative solutions will play a key role in helping broadband service providers better compete.”
Mike Durance, CEO of xiVentures Fund, added, “Nrby’s platform is a game-changer for the broadband industry. It offers a unique combination of features and capabilities that will help service providers to streamline their operations and improve customer satisfaction. We are confident that this investment will help Nrby to further scale their business and achieve their goals.”
To learn more about Nrby, Inc., please visit nrby.com or contact Paul Palermo: [email protected].
About Nrby, Inc.:
Nrby, a dynamic location intelligence platform, turns every asset location and its data into information that matters. Nrby digitally collects, aggregates and correlates all of the dynamic data connected to a location, visualizes it, and makes it actionable via its intuitive SmartPins. Nrby is used by some of the best service provider brands in the US and LATAM to deliver exceptional broadband service and award-winning customer experiences. For more information, please visit: nrby.com.
About Verstra Ventures:
Verstra Ventures invests in exceptional founders who are building enduring software companies. Through its capital, network and extensive knowledge of best practices, Verstra Ventures help its portfolio companies scale in a fast, sustainable way. For more information, please visit: verstraventures.com.
About xiVENTURES Fund:
xiVENTURES Fund is a highly engaged boutique venture investment fund focused on select quality technology opportunities. xiVENTURES invests in companies operating in high growth sectors who are early movers, have demonstrated product market fit, and can scale rapidly. For more information, please visit: xiventuresfund.com.