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Speakeasy takes in $6 million

Broadband service provider Speakeasy announced Monday that it raised $6 million in a second round of funding led by new investor Cornerstone Ventures and previous investors Matthew Norton and Granite Ventures. Speakeasy provides high-speed Internet access, mainly with DSL (digital subscriber line) technology, to consumers and businesses in the United States. Speakeasy Chief Executive Officer Mike Apgar said in a statement that the Seattle-based company has enough funding to reach profitability but will use the additional cash to hasten its expansion into the small and midsized business markets, build its network into regional areas, and beef up its coverage in selected urban areas.

Broadband service provider Speakeasy announced Monday that it raised $6 million in a second round of funding led by new investor Cornerstone Ventures and previous investors Matthew Norton and Granite Ventures. Speakeasy provides high-speed Internet access, mainly with DSL (digital subscriber line) technology, to consumers and businesses in the United States.

Speakeasy Chief Executive Officer Mike Apgar said in a statement that the Seattle-based company has enough funding to reach profitability but will use the additional cash to hasten its expansion into the small and midsized business markets, build its network into regional areas, and beef up its coverage in selected urban areas.