Spectrum Bridge closes $7.4M for radio spectrum auctions

Radio spectrum marketplace Spectrum Bridge just brought in a $7.38 million tranche of an anticipated $8.15 million second-round of financing. Espirito Santo VenturesMilcom TechnologiesTelecommunications Development Fund and True Ventures contributed. The Lake Mary, Fla.-based company aims to give licensed spectrum holders an opportunity to monetize unused segments by auctioning them off to other companies, educational institutions, and government agencies looking for a deal on quality, licensed airwaves.

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About the Author, Camille Ricketts

Camille came to VentureBeat from Google, where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London.