LocaLoop Is Raising $2m For ‘4G In A Box’

Screen Shot 2016-09-01 at 11.51.40 AMSt. Louis Park’s LocaLoop is offering $2m in convertible debt, with $50k sold, according to this SEC disclosure.

Led by Swedish immigrant, Founder/CEO Carl Johan Torarp,  LocaLoop provides an integrated 4G broadband internet business solution for data communication throughout rural geographies.

Their customers can effectively build and deploy towers in less-densely populated areas and become an ISP, while the whole system can be managed from anywhere turnkey via LocaLoop’s cloud based application. It was invented to close the broadband Internet gap in rural markets of the world in a fast and profitable way.

Formed in 2005, LocaLoop has been commercialized for 2 years now and claims customers in 17 states. The venture has 4 unique patents, raised about $4.5m to date, is profitable, and seeking the capitalization to accelerate growth.

RELATED

US Internet’s High-Speed Rollout Snags On Minneapolis Park Board

Eden Prairie Hardware Venture MAX4G Raises Another Million Plus

DEED Doles Out $11.5m Subsidy For Broadband In Rural Minnesota

Comments

Sponsors