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Short Take: Home Wireless gets more backing

Home Wireless Networks today announced the closure of its second round of equity financing in the amount of $20 million. Home Wireless Networks is a start-up company that will produce a digital wireless system designed to let local service providers offer inexpensive multiple telephone lines. This round of financing included significant investments by Alliance Technology Ventures of Atlanta and by Lucent Technologies, which also invested in the previous round of financing.

Home Wireless Networks today announced the closure of its second round of equity financing in the amount of $20 million. Home Wireless Networks is a start-up company that will produce a digital wireless system designed to let local service providers offer inexpensive multiple telephone lines. This round of financing included significant investments by Alliance Technology Ventures of Atlanta and by Lucent Technologies, which also invested in the previous round of financing.