BEIJING, Nov. 21, 2023 — EACON Mining Technology, a frontrunner in autonomous haulage solutions (AHS), has successfully closed its C round of equity funding, securing an impressive sum of approximately $55.22 million. Spearheaded by Richen Capital, with significant contributions from Shenyin&Wanguo Capital Management and existing investors like ESTAR Capital, this investment brings EACON’s total financing for 2023 to around $62.13 million.

The substantial backing reflects investor confidence in EACON’s capabilities for large-scale deployment of its AHS product. EACON now has 304 autonomous trucks in operation, with a total of 4.2 million kilometers driven autonomously and an impeccable safety record upheld for over five years.

Richen Capital has investments in over eighty top players in AI and self-driving industries. Richen Capital’s co-founder and chairman, Mr. Tingfu Wang, expressed confidence in EACON’s profitability potential.

“The successful operation of 203 unmanned mining trucks in a single mine is evidence of EACON’s profound expertise in automation. I believe EACON will rapidly achieve net profitability.” he says.

The General Manager of Shenyin&Wanguo Capital Management, stated that following a technological breakthrough, the subsequent phase involves large-scale commercialization—a process repeatedly validated across numerous ‘hard tech’ industries.

After visiting multiple mine sites with EACON’s autonomous trucks, he expressed strong confidence in EACON’s future, and he firmly believes that EACON’s AHS solution has reached maturity and is now poised for rapid scaling.

Lei Zhang, co-founder and chairman of EACON Mining Technology, says “the investment scenario in autonomous driving has shifted to a more rational and composed state. The recent backing from several top-tier institutions further solidifies EACON’s leadership in this industry.”

Alongside autonomy, EACON has developed the EACON 136, a hybrid electric + Drive-by-wire platform. A vehicle manufacturer partner produced and delivered 225 autonomous trucks, EL100, equipped with this platform, achieving up to 30% in maximum fuel savings.

“EACON will continue its dedication to advancing autonomous driving in mining applications, focusing on the productization of advanced technology and enhancing operational productivity. Simultaneously, EACON will steadfastly invest in engineering new energy systems for mining trucks.” says Zhang.

Looking forward, with an office established in Perth, Australia, EACON is poised to broaden its presence in additional overseas markets. The commitment remains strong to deliver to a safe, intelligent, and sustainable future for the global mining industry.

Contact: [email protected]

SOURCE EACON Mining Technology

LOS GATOS, Calif., Nov. 21, 2023 — Supira Medical, Inc., a Shifamed portfolio company, announced today that it has received U.S. Food and Drug Administration (FDA) breakthrough device designation for its Supira System, a next-generation percutaneous ventricular assist device (pVAD). This approval comes as the company closed $40M in Series D financing and prepares to initiate its U.S. clinical program. The financing was led by Cormorant Asset Management and The Capital Partnership (TCP), with participation from 415 CAPITAL, AMED Ventures, PA MedTech VC fund, Unorthodox Ventures and Shifamed angel investors. Funds will be used to expand Supira’s currently enrolling OUS studies, plan for its U.S. studies, and prepare for U.S. pivotal study submission.

“We are thrilled to have received breakthrough device designation and pleased to have the strong, continued support from our investors, both significant milestones for the company,” commented Dr. Nitin Salunke, President and CEO of Supira Medical. “Early clinical experience with the Supira System has demonstrated that physicians see tremendous clinical value in Supira’s low profile, high continuous flow design, including the system’s sensors intended to collect real-time aortic and ventricular pressures. I congratulate the team for engineering this differentiated solution that aims to provide a meaningful advantage for patients requiring hemodynamic support.”

“Although temporary mechanical circulatory support is common in the treatment of high-risk patients, challenges remain that limit physician adoption and patient access,” stated Bihua Chen, Founder and Managing Member of Cormorant Asset Management. “We are pleased to lead this round and believe that Supira’s technology has the potential to disrupt the standard of care for the large and growing HRPCI segment of the interventional cardiology market.”

About the Supira System
With a novel low profile, high continuous flow design, the Supira System aims to provide full hemodynamic support initially for high-risk percutaneous coronary interventions (HRPCI) and subsequently for cardiogenic shock (CS) patients with a single device platform. The Supira System features a 10F profile, designed to minimize vascular complications, and multiple sensors to provide real-time pressure measurements.

The Supira System is for Investigational Use Only and is not for sale in the U.S. or outside the U.S.

About Supira Medical, Inc.
Supira Medical is a privately held portfolio company of Shifamed, LLC., a highly specialized medical innovation hub founded by serial entrepreneur, Amr Salahieh. The company is focused on developing the next generation percutaneous ventricular assist device for use in high-risk patients undergoing interventional procedures. For more information, visit www.supiramedical.com.

MEDIA CONTACT:
Charlene Herndon
SPRIG Consulting LLC
[email protected]

SOURCE Supira Medical, Inc.

DRA partner Rose Vitale sees deal as opportunity to create value by backing a unique female founder

SAN DIEGO, Nov. 21, 2023 — DRA Family Office today announced that it has closed a seed funding round with Nicole Bryl Skincare, an early stage cosmetics venture founded by Nicole Bryl, a former celebrity makeup artist who is bringing her proprietary formulations to the public for the first time. For DRA Partner Rose Vitale, the deal represents an opportunity to create value by backing a unique female founder. Vitale has made a priority of allocating capital to women-owned businesses.

“Nicole really stood out to us as a founder,” said Vitale. “Her venture combines the potential for brand differentiation and breakout growth in a large, but very competitive market. We’re excited to be partnering with Nicole Bryl Skincare for success.”

With over 10 years of experience in financial services, Vitale has flipped conventional wisdom about investing in women-owned businesses. She built the largest network of Cricket Wireless stores in California’s Central Valley before establishing herself in the male-dominated family office space. She anticipates leveraging some of her hard-earned skills in scaling up businesses to help Nicole Bryl Skincare achieve growth.

According to Bryl, “I came to realize pretty quickly that Rose Vitale’s mission and mine were 100% aligned. Her mission is to empower woman by shifting and changing the flow of capital to woman-founded businesses, since typically 98% of the time those funds are allocated directly to men. Rose’s vision is that, as woman, we are our greatest assets to each other—and if we keep generating the flow of one woman uplifting and supporting another woman through business, entire ecosystems will begin to flourish.”

Bryl began her professional career as a makeup artist working with woman at the age of 14. Over the proceeding 38 years, much of her time has been spent supporting outstanding, powerful woman and their dreams, wishes, and hopes in a broad range of philanthropic capacities. Her clientele includes some of the most famous women in the world.

Nicole Bryl Skincare has launched at the high end of the skincare market. The company plans to expand into the consumer segment as it grows.

For more information about Nicole Bryl Skincare, visit www.nicoleskin.com

For more information about DRA Family Office, visit drafamilyoffice.com.

Instagram: @nicoleskinofficial

Press Contact:

Hugh Taylor
3103837041
https://www.commsfactory.net

SOURCE DRA Family Office

The funding will be used for R&D, customer growth and team expansion to further accelerate the company’s global presence after reaching $2M annual recurring revenue within 8 months

TEL AVIV, Israel, Nov. 21, 2023 — Munch, a leading AI-powered automation platform for social media, today announced their $7.2 million seed funding round. The round was led by A* Capital, supported by Liquid2 and Pre-Seed investors Cardumen Capital and Remagine Ventures. The investment will be focused toward company growth, increasing its reach into new global markets and expanding its offering to enterprises. Additionally, the funds will be allocated to further develop Munch’s solution helping content professionals seamlessly create and elevate short-form videos from existing long-form content increasing ROI.

The heightened social media demand has left content professionals with a labor-intensive, costly, and creatively draining process of manually producing content, making it difficult to find a place and engage in popular conversations. Munch reduces this burden by leveraging AI to streamline this resource intensive process with a platform that extracts engaging bite-sized clips from long-form videos that are primed for social media sharing in a matter of minutes.  Recent reports found that 90% of marketers using short-form content intend to increase or maintain their investment as using short-form content has the highest ROI of any media format.

Munch’s AI driven platform turns long-form marketing content into engaging and impactful clips for social media usage. It includes automatic editing, instant and precise subtitle generation, pre-scripted social media posts formulated through advanced AI technology and caters to a multilingual audience supporting over 20 different languages. Content is clipped and adjusted to always have the action at the center of the frame no matter what social media platform it will be shared on. This approach ensures a global reach for businesses looking to amplify the impact of social media strategy.

“Businesses and brands who successfully employ social media content strategies are seeing higher returns on their investments and improving their bottom lines,” said Oren Kandel, CEO and Co-founder of Munch. “With Munch, any business, small or large, with quality content can now reach more potential customers – a revolutionary approach when it comes to social media usage for marketing teams around the world. We are grateful for our investors’ trust and are eager to use the recent funds to expand our team and market presence, further entrenching Munch’s position as a leading AI platform for social media.”

The company’s clip generation engine analyzes video content against the latest social media trends and marketing insights to maximize its viewership. With Munch, single purpose videos, such as podcasts, webinars, and livestreams, can be transformed into a series of engaging clips with the potential to go viral. Not only does this novel approach to content production and distribution increase business ROI, but it minimizes the time-consuming process spent on tedious editing tasks and allows brands to focus on creative ideation and strategic planning while remaining relevant on social media with consistent, effortless, data-driven content.

“A* Capital is committed to helping entrepreneurs build impactful companies and Munch is a prime example of what we look for,” said Gautam Gupta, General Partner at A* Capital. “The rise of social media has turned the marketing landscape on its head and has created a need for cost-effective, time-saving solutions. Munch’s cutting-edge platform brings an innovative approach to content creation, and we see the potential for the company to help businesses globally go viral with the click of a button. We look forward to seeing Munch build on its achievements to date and can’t wait to see what’s next.”

Munch has reached over $2M ARR within 8 months and has over three thousand paying subscribers worldwide. The company has signed contracts with several major, well-renowned media giants as a primary short-form vendor.

About Munch

Munch is a cutting-edge automation platform to help businesses maximize their ROI on social media content. Leveraging AI, Munch effortlessly turns lengthy videos into bite-sized compelling clips for social media that engage audiences and keep brands at the forefront of digital trends. The company empowers content professionals to seamlessly produce content that aligns with today’s evolving media landscape. Founded in 2021 by Oren Kandel and Peter Naftaliev, Munch is headquartered in Tel Aviv, Israel. To learn more about Munch, visit https://www.getmunch.com/.

About A*

A* Capital is an early-stage venture capital firm partnering with entrepreneurs from the seed stage onward. The firm was founded in 2021 by Kevin Hartz, Gautam Gupta, and Bennett Siegel.

Media Contact

Mushkie Meyer
Headline Media
[email protected]
US: +1 914 336 4035
UK: +44 203 769 4034
IL: +972 53 612 1118

SOURCE Munch

New Research from BCG Finds That Emerging Technologies Are Now an Established Asset Class, with Almost No Difference in the Internal Rate of Return Between Traditional and Deep Tech Venture Funds

BOSTON, Nov. 21, 2023 — Deep technologies are technologies that aim to solve the world’s most complex problems such as climate change, food shortages, and disease. Today, deep tech claims a stable 20% share of venture capital funding, up from about 10% a decade ago, according to a new report and research from Boston Consulting Group (BCG).

The report, titled An Investor’s Guide to Deep Tech, outlines the deep tech landscape for investors looking to enter the field. Venture capital funding of deep tech fell from $160 billion in 2021 to about $105 billion in 2022 to $40 billion for the first half of 2023—close to 2020 levels. The drop roughly tracked the broader decline in venture funding that resulted from rising interest rates during this period. But the size of the average deep tech investment has significantly increased, with many now reaching $100 million or more. BCG analysis found that traditional and deep-tech-focused funds deliver similar unweighted internal rates of return (26% and 25%, respectively).

“Once confined to the domain of high-risk, high-return enthusiasts, deep tech has now migrated to the mainstream of venture funding,” said Antoine Gourévitch, a managing director and senior partner at BCG, and a coauthor of the report. “While requiring heightened levels of risk, capital, and patience compared with other asset classes, the markets unlocked by deep tech and the substantial returns realized by startups can be lucrative.”

Challenges Facing Investors

As deep tech investing involves backing technologies that are still developing their underlying science, considering potential markets, and drafting business plans, these investments take longer than other tech investments to mature—an average of 25% to 40% more time between funding each stage from seed capital through Series D. These ventures are also at greater risk of failure at each stage compared with other tech investments. It is also not uncommon, especially for larger funds that start investing in the early stages, to participate in multiple funding rounds. According to BCG’s survey of deep tech funds with more than $1billion in assets, an average of 42% of investments are multi-round. 

Four Main Areas Benefitting from Deep Tech Investment

BCG analyzed deep tech investments along two dimensions—technologies and use cases—in four areas of impact: climate and sustainability, demographics, technology, and security. Multiple technologies (such as digital AI, autonomous systems, and advanced physics and chemistry) and use cases (including mobility and logistics, energy and climate, and health and wellbeing) are attracting substantial shares. Cross-industry platforms, both physical and digital, are also popular funding destinations.

Countries’ Support of Deep Tech

The US and China lead the world in absolute share of deep tech funding provided, with more than 60% and 12%, respectively. Europe collectively has 14%. At the same time, BCG’s examination of deep tech funding as a share of GDP, shows that several nations—among them Israel, Sweden, the US, Singapore, and the UK—are aggressively trying to support deep tech development.

Determining a Clear Strategy

To invest in deep tech, investors need to start with a clear strategy that prioritizes the technology segments where they can build networks of expertise and partner ecosystem. The report outlines considerations for investors when prioritizing segments:

• Disruptive Potential. Which use cases can the selected technology redefine? How quickly are startups growing in this area?
• Investment Possibilities. How full is the pipeline of available investments based on the number of startups in the field and the deals currently being done?
• Time to Value: How mature is the technology? What are the remaining technological risks?
• Existing Capabilities. Does the fund have the capabilities and resources to leverage in the field? If not, what capabilities does it need to build? What is the level of difficulty?
• Ecosystem. What is the level and type of involvement of other players, such as governments and institutions, in the financing of startups?

“Because deep technologies target large and intricate global issues that cannot be solved overnight, the need for advanced technology solutions will only increase,” said Jean-François Bobier, a BCG partner and a coauthor of the report. “Now is the time for investors to engage in the deep tech arena. Those who do not understand the opportunities and don’t learn the ropes are missing an excellent means of diversifying their portfolios.”

Download the publication here:
https://www.bcg.com/publications/2023/deep-tech-investing

Media Contact:
Eric Gregoire
+1 617 850 3783
[email protected] 

About Boston Consulting Group
Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we work closely with clients to embrace a transformational approach aimed at benefiting all stakeholders—empowering organizations to grow, build sustainable competitive advantage, and drive positive societal impact.

Our diverse, global teams bring deep industry and functional expertise and a range of perspectives that question the status quo and spark change. BCG delivers solutions through leading-edge management consulting, technology and design, and corporate and digital ventures. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, fueled by the goal of helping our clients thrive and enabling them to make the world a better place.

SOURCE Boston Consulting Group (BCG)

CHARLOTTESVILLE, Va., Nov. 20, 2023 — Rho Impact, developer of impact forecasting tools used by investors and companies managing trillions of dollars in assets, is excited to announce the successful completion of its $1.125 million pre-seed funding round. The round comprises technology investors, state-funded development agencies, social impact investors, and industry experts, including Preston-Werner Ventures (founded by Tom Preston-Werner, the co-founder of Github), Virginia Innovation Partnership Corporation (VIPC), 3rd Creek Ventures, the Charlottesville Angel Network, and veterans of the data and logistics industries.

Rho Impact partners with Prime Coalition to develop CRANE, a free tool used by over 4,000 investors and companies to estimate the emissions reduction potential of new technologies, and builds Gemini, an impact and ESG platform. Rho Impact serves both investors and operators, with clients as varied as Eclipse (a VC with ~$4B AUM focused on digitally transforming physical industries) and Gecko Robotics (AI-powered software and advanced robotics to ensure the reliability, availability and sustainability of the world’s critical infrastructure).

“This financing underscores the growing demand for transparent, data-driven solutions to meet global sustainability targets,” stated Gilman Callsen, CEO of Rho Impact. “I am thankful to add supportive early investors who are helping accelerate our progress.”

“Rho Impact’s seasoned team and impressive track record in emissions forecasting set them apart in the field. We are proud to back their mission and their approach to combining technology, robust frameworks, and experts to add consistency and clarity to otherwise messy and uncertain decisions,” says Tom Preston-Werner.

This funding marks an exciting chapter in Rho Impact’s journey. The company will leverage this capital to sharpen its focus on building the world’s most verifiable and auditable impact forecasting tools that help direct investment into the most promising solutions to address climate change.

For more information about Rho Impact and its emissions forecasting software, please visit https://rhoimpact.com.

About Rho Impact:
Rho Impact’s data and models contextualize the environmental impact of climate technologies using software and expert services. The company’s tools help investors and companies meet sustainability goals, navigate evolving ESG requirements, and make confident, auditable, impact-informed decisions. Trusted globally, Rho Impact empowers every organization to make an impact.

For media inquiries, please contact:

Xander Rothaus
Chief Marketing Officer
[email protected]

Charlottesville, VA 22901
RhoImpact.com

SOURCE Rho Impact

Medha Agarwal brings a wealth of experience to her role as a former operator turned investor. Medha will lead investments into companies from inception through Series A. With over seven years of venture expertise, she has led investments across vertical SaaS, fintech, marketplaces, and healthcare. Prior to joining Defy.vc, Medha was a Partner at Redpoint Ventures where she led investments in companies including Whatnot, Tend, Proper Finance and more. She started her venture career at Bessemer Venture Partners, having previously co-founded and built Roomidex and skedge.me after beginning her career at Bain & Company.

Amy Yin, Defy.vc’s newest Venture Partner, significantly bolsters the investment team. As founder & CEO of OfficeTogether, a former Defy portfolio company acquired by Envoy, Amy has firsthand experience as a founder. Her technical journey spans a decade, with engineering roles at Facebook and at Coinbase, where she was an Engineering Manager for Coinbase.com during the company’s hypergrowth. Amy has also been an active angel investor since 2017, with investments in Pave, Lumos, Gem, On Deck, and more. A Harvard graduate with a BA in Computer Science, Amy’s roots are in Onalaska, WI, and she carries the diligent spirit of her immigrant parents from China.

“The additions of Medha and Amy to our team mark a crucial step in continuing Defy.vc’s momentum as we actively invest from Fund III,” said Neil Sequeira, Founder & General Partner at Defy.vc. “Their expertise, networks, and experience will help drive our continued success as we work closely with great founders to build startups into category-defining industry leaders.”

Unique Approach

Defy.vc initially partners with founders from inception through Series A but is able to be supportive throughout the lifetime of a business with capital and offers deep hands-on collaboration throughout the entrepreneurial journey. The firm’s investments often originate from long-term relationships, forged over decades of operational and venture capital experience. Defy.vc invests across diverse categories, including enterprise SaaS, fintech, AI, healthcare, marketplaces, and consumer-oriented businesses.

Defy.vc’s commitment to startups extends beyond mere selection; the firm actively creates companies through its platform and hatch playbooks. The firm has created multiple platforms’, which are entities that create spin-out companies in a specific vertical area. Through its hatch endeavors, Defy.vc identifies new startup opportunities, develops initial business plans & prototypes, and collaborates with potential founders from their earliest stages, guiding them through the entire process of company creation.

Portfolio Momentum

In recent years, the Defy.vc portfolio has had numerous successful liquidity events and acquisitions by a number of companies including Patreon, Circle and HackerOne. The firm retains substantial stakes in prominent private companies, including Airspace, Apploi, Aalto, Bazaar and many other industry-defining market leaders.

Defy.vc is excited to welcome Medha and Amy to its team and anticipates that their unique experiences and expertise will further contribute to the firm’s growth and success.

About Defy.vc
Defy.vc is a leading early-stage venture capital firm dedicated to nurturing startups as they transition into category-defining industry leaders. Defy.vc takes pride in its longstanding relationships with entrepreneurs and its commitment to enhancing the venture ecosystem through creation and platform initiatives. The firm’s team has more than 50 years of venture experience, successful operating backgrounds, and actively assists successful entrepreneurs as they grow companies from inception through exit. Connect with Defy.vc at https://defy.vc/ and @defyvc.

Media Contact
Kelsey Cullen, KCPR
[email protected]
650.438.1063

SOURCE Defy Partners

New capital will help expand operations as they add additional strategic partners

AUSTIN, Texas, Nov. 20, 2023 — AppBrilliance, the leading platform for real-time Account-to-Account (A2A) payment acceptance, announced today that it has closed a strategic investment from Truist Ventures, the corporate venture capital arm of Truist Financial (NYSE: TFC).

The investment allows AppBrilliance to further develop it’s IP portfolio and expand its resources to support rapid growth and interest from financial institutions and other strategic partners looking to incorporate real-time payments (RTP) into their Pay-by-Bank offerings. 

AppBrilliance’s groundbreaking MoneyAPI can reduce payment processing costs by up to 75% compared to processing the same transaction over debit or credit card rails. Their patented platform plugs into any payment experience for instant account-to-account payments over The Clearinghouse’s RTP or FedNow networks. It works alongside traditional payment rails and simplifies the instant payment process while bypassing traditional debit and credit networks. Built directly for banks and FinTech partners offering Pay-By-Bank solutions, the Money API is the only service that provides consumer-permissioned account control to execute requests for payment that are secure and immune to insufficient funds.

“We are thrilled to partner with the team at Truist Ventures, who share our vision for the future of next-generation payments. By combining Pay-by-Bank experiences with next-generation payment rails like RTP and FedNow, we enable our partners to deliver incredible user experiences from e-commerce to point-of-sale (POS),” said C. Eric Smith, CEO and Co-Founder of AppBrilliance. “This additional funding will fuel our efforts to scale the MoneyAPI and collaborate closely with forward-thinking financial institutions and other FinTech partners as we enable the coming revolution in payments.”

AppBrilliance’s MoneyAPI creates a triple win that benefits businesses, financial institutions and consumers alike. For businesses, the platform integrates seamlessly into a brand’s existing A2A payment flow, ensuring brand consistency at checkout while avoiding card acceptance fees, fraud and chargebacks. The consumer’s enriched payment experience can include additional financial controls and loyalty programs. Financial institutions benefit from the MoneyAPI security features and its ability to seamlessly integrate existing investments in faster payments capabilities that open new avenues for customer engagement and value-added services.

“AppBrilliance has developed an innovative platform that provides tangible benefits for businesses looking to reduce payment acceptance costs,” said Tarun Mehta, Head of Corporate Development and Truist Ventures. “Money API can reduce the user friction of real-time payments to a couple of clicks and has strong potential to impact the digital payments ecosystem. We look forward to working with them as they continue to grow.”

About AppBrilliance

Founded in 2016, AppBrilliance is a leading Account-to-Account (A2A) Payments Platform revolutionizing digital transactions. Backed by technology covered by multiple issued US Patents MoneyAPI enables seamless integration of real-time payment (RTP) systems and open banking protocols, allowing card-free, frictionless transactions.

To learn more and see a demonstration of the technology in action, please visit: appbrilliance.com

About Truist Ventures

Truist Ventures is the corporate venture capital arm of Truist Financial Corporation (NYSE: TFC). Truist Ventures delivers touch and technology to Truist clients through partnerships with and investments in innovative companies and exceptional management teams with novel solutions to help Truist shape the future of finance. Truist Ventures’ investment focus includes financial technology, payments and money movement, and regtech. Learn more at TruistVentures.com.

Media contact: 
C. Eric Smith
eric@appbrilliance.com

SOURCE AppBrilliance , Inc.

HOUSTON, Nov. 20, 2023 — Ezee Fiber, a Houston-based fiber telecommunications service provider to both residential customers and commercial/enterprise locations, today announced plans for a $200 million investment in the continued expansion of its high-speed, 100% fiber optic network in Fort Bend County. The announcement was made by Matt Marino, Chief Executive Officer.

As part of the company’s ongoing growth strategy, Ezee Fiber is targeting to reach an additional 125,000 Fort Bend County homes in 2024, extending its high-speed fiber internet to residents in Mission Bend, Sugar Land, Missouri City, Pearland and surrounding communities. This expansion creates a wide range of construction and engineering career opportunities throughout the markets it serves. Already a trusted fiber optic internet service provider to homes and business enterprises in Fort Bend County, Ezee Fiber is on track to connect an additional 14,000 homes in the county by year-end 2023.

“Ezee Fiber’s significant investment in fiber optic network construction, including a 2,000 mile core network backbone throughout Houston, reflects our commitment to providing best-in-class technology and future-proof infrastructure that revolutionizes the digital landscape for the people in the Houston communities we serve.” said Marino. “Our expansion in Fort Bend County will bring reliable, affordable multi-gig symmetrical internet to more neighborhoods in the area, enabling them to enjoy the fastest, most reliable fiber-based internet available.”

“Ezee Fiber is a fantastic community partner,” said Claudia Shakespeare, Vice President of Settlers Park HOA and also an Ezee Fiber customer following Ezee Fiber’s deployment of fiber optic assets in her neighborhood. “It is a true benefit for our residents to have access to the fastest, most reliable fiber-based internet available in the marketplace. The availability of 5 Gig internet for less than $100 a month is a game changer, particularly for those who work from home. Coupled with excellent customer service, Ezee Fiber is a valued partner in our community.”

In the interest of operational efficiency and to minimize disruptions to the community, Ezee Fiber’s construction will be executed in geographic zones, bringing the company’s multi-gig internet product to thousands of new homes every month. Residents will receive construction updates by mail and door hangers before construction commences and throughout the fiber network build.

Upon project completion, slated for Q3 2024, more than 140,000 Fort Bend County residents and 1,000 enterprise and commercial locations will have access to Ezee Fiber’s internet with 99.99% network reliability and a range of speeds from 1 Gig to 8 Gig symmetrical. No-contracts, no data cap limits, no hidden fees and affordable prices with lifetime pricing will range from $69 to $119 per month. Businesses, enterprises, independent school districts and medical facilities throughout the expansion footprint also will have access to Ezee Fiber’s 100% fiber-to-the-premise internet.

“Ezee Fiber’s lifetime pricing ensures our valued customers can count on industry-leading, future-proof internet speeds at a locked-in monthly rate,” added Marino. “Our role as a trusted community partner is paramount, and Ezee Fiber’s fair and transparent guaranteed pricing with no contracts reflects our unwavering commitment to the communities we serve.”

For more information about Ezee Fiber’s geographic service areas and multi-gig plans, visit EzeeFiber.com.

About Ezee Fiber
Ezee Fiber is a rapidly growing Houston-based fiber telecommunications company that provides affordable and reliable multi-gig internet service to residential, business and government customers through its 100% fiber-optic network. Founded in 2021, Ezee Fiber is built on a foundation of exceptional customer service, lightning-fast internet speeds and straightforward, transparent pricing. The company operates a carrier-grade network throughout Texas, where its customers are supported by local teams that live and work in the communities they serve. Visit ezeefiber.com for more information.

For media inquiries, please contact:
Christine Scott
VP, Marketing
713.405.1083
christine.scott@ezeefiber.com

SOURCE Ezee Fiber