SALT LAKE CITY STSN, a provider of high-speed Internet access and broadband services to hotels and conference centers, has closed its D-round of funding, in which it secured $66.5 million in equity and debt financing. The Series-D round of funding was led by new investors Siemens and On Command. Previous investors, including Marriott International, Intel Corp., Vantage Point Venture Partners, APV Technology Partners and ThomVest Holdings also participated in the round. Concurrent with the equity financing, STSN closed senior secured debt financing with GATX Corp.
In additional news, Ewald Grybek of Siemens Project Ventures (SPV) will join the company s board of directors. (5/16/01)