US ISP Honest Networks has announced an investment of up to USD100 million, led by growth equity investment firm Newlight Partners. Newlight joins Fifth Wall, which has led prior Honest investments and is also committing additional capital.
Founded in 2018, Honest serves residential communities and commercial properties throughout the Tri-state area. Proceeds from the investment will be used to accelerate Honest’s expansion of fibre and 5G fixed-wireless infrastructure in new and existing markets throughout New York, New Jersey, Connecticut and the Mid-Atlantic.
Honest was launched by founder and CEO Landon Tucker, and incubated at Fifth Wall during Mr. Tucker’s time as a Fifth Wall Entrepreneur-in-Residence. Fifth Wall remains an investor in the business alongside HOF Capital, Quiet Capital and BoxGroup.