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Neutral Connect Networks

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New breed of tower company, offering neutral hosting of networks in addition to traditional attachment

Duluth, United StatesFounded 2016Hosting
Valuation $100–250M Last recorded · 2017
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Neutral Connect Networks and the history behind them.

About Neutral Connect Networks

Neutral Connect Networks (NCN) operates as a pivotal player in the wireless communications infrastructure sector, focusing on neutral-host networks. Founded in 2016 by Paul McGinn, who brought over two decades of experience from the mobile tower industry, the company was established to address the growing demand for shared wireless infrastructure. The firm's business model centers on building and operating multi-carrier, neutral-host Distributed Antenna Systems (DAS) and small cell networks, which it then leases to multiple wireless service providers. This approach offers a cost-effective solution for carriers by eliminating the need for each to build out separate, redundant infrastructure.

The company's core service is providing robust, carrier-grade wireless connectivity in high-traffic and hard-to-cover locations such as sports and entertainment venues, transportation hubs, commercial real estate, and healthcare facilities. NCN's networks are designed to be carrier-agnostic, allowing major providers like Verizon, AT&T, and T-Mobile to coexist on a single, shared system. Revenue is generated by leasing this infrastructure to a diverse client base that includes wireless service providers, cable companies, venue owners, and enterprise customers. The services encompass the entire lifecycle of a wireless network, including design, engineering, installation, project management, monitoring, and maintenance.

A significant milestone in the company's history occurred in March 2019 when M/C Partners, NCN's primary equity investor, acquired Connectivity Wireless Solutions and consolidated the two businesses. This strategic move created a combined entity with enhanced scale and technical expertise, positioning it for accelerated growth in the in-building wireless market, especially with the advent of 5G, CBRS, and private LTE networks. Following the consolidation, the integrated company operates with Connectivity Wireless handling the deployment and service aspects, while Neutral Connect Networks manages the neutral-host systems, assets, and contracts. This structure allows the firm to offer comprehensive, turnkey solutions—from initial consultation and financing to long-term network management—ensuring ubiquitous wireless coverage for its clients' end-users.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2016
Headquarters
Duluth, United States
Employees
84
Open positions
None listed
Dealroom signal
42.6/100
Industry
Hosting
Sector
Hosting, WiFi
Client focus
b2b
Investment activity
1 company, latest Jul 2017
Capital deployed
—
Preferred round
ACQUISITION

Funding history

1 recorded event

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
LATE VC✓Equity / VC Jul 2017 $30M $120M M/C Partners —
Showing the latest 1 of 1 recorded eventsBook a demo for the full funding history →

Growth signals

Neutral Connect Networks website traffic

Latest recorded traffic for Neutral Connect Networks is 0 monthly website visits, down 100% over the last three months. Neutral Connect Networks's team grew 3.7% over the past year.

Latest monthly visits0 3-month web change-100% 1-year team growth+3.7%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

1 investor on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series B and later1 investor entered at this stage

  • M/C Partners
Team profiled 5 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇺🇸 United States · Duluth HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Neutral Connect Networks on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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