Wireless - Thursday, January 18, 2007
Broadband Wireless Roll-up Sparkplug Funded For More Territory
Chicago's Sparkplug has raised $22.5M in second-round funding led by Ignition Partners led the deal, with The Greenspun Corp., Trilogy Equity Partners, Allen & Co. and Square 1 Bank.
Sparkplug sells wirelss broadband to businesses in the midwest. It's pitch is T1 speeds at a fraction of the cost. A 2mbps package costs $295 per month or a 4mbps one - up and down - costs $495.
Sparkplug was formed last year as the result of the merger of three established companies: Sparkplug in Chicago, Prairie iNet in Des Moines, Iowa; and Telespectra in Phoenix. Sparkplug has operations and networks across eight states, making it one of the largest service providers in the emerging wireless business broadband market.
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