Lux Speed is the market leader in Internet-as-a-Service for the multi-family space. Providing multi-gig connections via dedicated fiber on an enterprise network and community wide WIFI service. Lux Speed provides these services in 400 markets and with no capital necessary from its customers.
Who Is Lux Speed:
Anacostia Involvement:
Anacostia has provided growth capital for national expansion, structured financings for the necessary capital outlay, and ongoing strategic support at the board level.
Outcome:
Lux Speed sold for 28.8M to a strategic buyer in 42 months with an initial start up funding of 2M; a combination of debt & equity a secondary round of 1.5M.
Year of Transaction: 2024
Who is AvSight:
AvSight is aviation’s most innovative software platform. AvSight combines inventory management, quotes, repair, sales orders, and accounting into one seamless flexible application.
Anacostia Involvement:
Anacostia has provided growth capital for worldwide expansion and advancement of its already cutting-edge technology. Anacostia will also play an active role at the board level to support leaderships desire for continued excellence.
Outcome:
AvSight sold for 19M to a Private equity firm with an initial pre money valuation of 2M, a post round funding of 1.5M in debt & equity 18 months.
Year of Transaction: 2022
Who is EnergyWare:
EnergyWare is a leader in the alternative energy sector. Headquartered out of Dallas, Texas with operations in over 30 states. EnergyWare has extensive experience in determining the best options in financing, design, implementation, oversite, and return-on-investment accuracy.
Anacostia Involvement:
Anacostia provided capital and strategic board support – guiding EnergyWare from a single location to operations in over 30 states with 800+ representatives. EnergyWare was successfully acquired by Jox Energy in September of 2020.
Year of Transaction: 2020
Who is iCore Networks:
iCore was a thought leader in the UCaaS space. Recognized by Gartner, Frost & Sullivan, TMC, and various other outlets as a disrupting technology force for medium to enterprise size businesses. iCore was one of the first companies to achieve over 100,000 subscribers in the hosted VoIP space.
Anacostia Involvement:
Provided the initial growth capital and support for subsequent capital raises. iCore Networks was acquired by Vonage (Symbol: VG) in 2015.
Year of Transaction: 2017