Orrick, Herrington & Sutcliffe LLP
03/26/2026 | Press release | Distributed by Public on 03/26/2026 12:35
Cape Secures $100M to Expand Secure Mobile Infrastructure
Cape announced the completion of a $100M Series C at a $900M valuation. The round was co-led by new investors Bain Capital Ventures and IVP, and included participation from additional new investors, 01 Advisors, 137 Ventures, Definition, and Fifth Down Capital. Building on previous rounds led by A*, Andreessen Horowitz and Costanoa, this brings Cape's total funding to $191M.
Orrick advised Cape on the transaction.
THE COMPANY
Cape is a privacy-focused mobile network operator that provides wireless service while prioritizing security at the infrastructure level.
THE IMPACT
The Series C enables Cape to scale its network infrastructure and expand adoption across government, enterprise and consumer markets.
THE TEAM
The Orrick team is led by Josh Beser and Andy Bloom with support from Drew Kohlmeier.
LEARN MORE
Orrick, Herrington & Sutcliffe LLP published this content on March 26, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on March 26, 2026 at 18:35 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]