BelAir Raises $17.5M

BelAir Networks, an Ontario-based provider of mobile wireless broadband mesh network solutions, has received $17.5 million in financing led by new investors Export Development Canada and Wellington Financial. Existing investors BDC Venture Capital, Comcast Interactive Capital, McLean Watson, MMV Financial, Panorama Capital, T-Mobile Venture Fund, Trilogy Equity Partners, and VenGrowth Capital Partners Inc., and Ventures West Management also participated.