Newlight Partners Makes Equity Investment in Sail Internet
November 1, 2020
Affiliates of Newlight Partners LP have made an undisclosed equity investment in Sail Internet, a San Francisco Bay Area fiber- and wireless-based high-speed internet provider. The capital will support Sail’s network expansion across the Bay Area and enable growth through organic initiatives and potential strategic acquisitions; existing investors including Ulu Ventures, Engineering Capital and Better Ventures are maintaining their stakes.
- Buyers
- Newlight Partners LP
- Targets
- Sail Internet, Inc.
- Industry
- Telecommunications
- Location
- California, United States
- Transaction Type
- Growth capital
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