SOURCE: netBlazr

netBlazr

September 10, 2015 07:01 ET

netBlazr Closes $1 Million Funding Round With Investment From Jeffrey P. Parker, Boston Angel

BOSTON, MA--(Marketwired - Sep 10, 2015) - netBlazr, the fastest, most affordable Internet access for home and business in Boston, today announced that it has completed a $1 million funding round with an additional investment of $300,000 from Jeffrey P. Parker, co-founder of CCBN and well-known Boston-area angel. netBlazr is making significant new infrastructure investments and expanding coverage to more communities in Metro Boston.

Parker has invested in properties as diverse as Streetwise Media, FLYP, KnowledgeVision and Bison, and frequently collaborates with netBlazr board member and investor David Friend, chairman of Carbonite. Earlier this year, netBlazr announced $675,000 in funding from a group of investors including Friend.

Parker co-founded CCBN.com and served as the chairman and chief executive officer. Prior to this, Parker co-founded 38 Newbury Ventures, Technical Data Corporation, and FirstCall Corporation. Parker also served as the chairman and chief executive officer at Thomson Financial. Parker will serve as an advisor to netBlazr, focusing on the growth of the company's subscriber base and the ability to replicate its growth in other markets.

"I like to work with companies where it is easy to understand the benefits -- netBlazr offers better Internet access for less," said Parker. "I'm also impressed by the netBlazr team and their ability to execute and grow the business. Their network's growth isn't just adding more customers, it's strengthening that network. New nodes create additional redundancies and make the network stronger and more reliable."

"Jeff knows what it takes to build a successful company, and he's done it over and over again," said Jim Hanley, netBlazr's co-founder and CEO. "We're looking forward to working with him and leveraging his expertise to grow netBlazr and create a repeatable process for entering a market and winning subscribers." 

netBlazr is the only Boston broadband provider with a 5 star Yelp rating. netBlazr's Concierge service delivers speeds above 300 Mbps and is available for less than $60 a month to residents of select apartment and condo buildings. There is no charge for owners of qualifying buildings with 100 or more units to add netBlazr as a choice for their residents.

About netBlazr
netBlazr provides affordable, high-speed Internet to Boston residences and businesses as an alternative to the "big guys" who force people into high-cost service bundles that they don't want. netBlazr is a locally-owned business that offers "nothing but net", an Internet connection that is reliable and affordable and nothing else. No gimmicks, games, or tricks. Just broadband. Learn more at http://www.netblazr.com/

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