# Sprint Nextel: portfolio, investments and team

> Sprint Nextel is an investment firm. 8 investments on record, latest Aug 2014. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/sprint-nextel (Millionrounds; every figure on the page links to its filing or article)

[Investor](https://millionrounds.com/investors)

# Sprint Nextel

Last cheque observed Aug 2014. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Quiet Investment firm

Growth Seed Debt

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 8 on record

Since the last cheque **4450** days **00** hrs **00** min **00** sec

Median round **$10M** Rounds led **0 of 8** Sole investor **2 rounds** Exits **2 from the portfolio** Mostly in **United States, 88%**

Pitch Sprint Nextel

## Sprint Nextel highlights

- 01 8 rounds on record
- 02 Mostly Growth and Seed: 57% of its rounds
- 03 Sole investor in 2 rounds, median $45M
- 04 2 exits from the portfolio

## What they do

- **Type:** Investment firm (from a list, unverified)
- **Cheque size:** Not stated
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **8 appearances**

- **2014** 2 rounds
- **Aug** **[EyeVerify](https://millionrounds.com/company/eyeverify)** Series A · US **$6.0M** With 5 others
- **Mar** **[sickweather](https://millionrounds.com/company/sickweather)** Seed · US **$120K** With 1 other
- **2013** 2 rounds
- **Nov** **[Medicast](https://millionrounds.com/company/medicast)** Seed · US **$540K** With 12 others
- **Feb** **[Clearwire](https://millionrounds.com/company/clearwire)** Growth · US · venturebeat.com **$80M** Sole investor
- **2009** 2 rounds
- **Nov** **[Clearwire](https://millionrounds.com/company/clearwire)** Debt · US · deals.venturebeat.com **$920M** With 4 others
- **Nov** **[Clearwire](https://millionrounds.com/company/clearwire)** US · blogs.zdnet.com **$1.5B** With 5 others
- **2006** 2 rounds
- **Jan** **[IPWireless](https://millionrounds.com/company/ipwireless)** Venture · GB · ipwireless.com **$10M** Sole investor
- **Jan** **[I-Wireless](https://millionrounds.com/company/i-wireless)** Growth · US **Undisclosed** With 2 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## Exits from the portfolio

Companies it backed that were later bought or listed **2 in all**

**[Clearwire](https://millionrounds.com/company/clearwire)** Bought by [Sprint Nextel](https://millionrounds.com/fund/sprint-nextel) **$2.2B** Dec 2012

**[IPWireless](https://millionrounds.com/company/ipwireless)** Bought by General Dynamics **$150M** May 2012

An exit counts when it came after the firm's first round in the company. From historical deal records.

## Companies it bought

Acquisitions by the firm itself

**[Handmark](https://millionrounds.com/company/handmark)** **Undisclosed** May 2013

**[Clearwire](https://millionrounds.com/company/clearwire)** **$2.2B** Dec 2012

**iPCS** **$831M** Oct 2009

**Virgin Mobile USA** **$483M** Jul 2009

**Nextel Communications** **$35B** Aug 2005

## The cheque

Growth Seed Debt

Median round joined **$10M** the round, not its cheque Alone, median **$45M**

Led 0 of 8 rounds **0%**

- **Sole investor:** 2 rounds
- **Last cheque:** Aug 2014
- **Exits:** 2 from the portfolio

Rounds by stage said on their site

- Growth *2*
- Seed *2*
- Debt *1*
- Series A *1*
- Venture *1*

Cheques by year Led Joined

2006 2014

Often in the room with

- [Comcast](https://millionrounds.com/fund/comcast) 2
- [Eagle River](https://millionrounds.com/fund/eagle-river-capital-llc) 2
- [Intel](https://millionrounds.com/fund/intel) 2
- [Techstars](https://millionrounds.com/fund/techstars) 2
- [Warner Media](https://millionrounds.com/fund/warner-media) 2

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## Who they invest alongside

The investors most often in the same rounds as Sprint Nextel. A count of rooms they were both in, not a relationship either has claimed.

[**Comcast** Accelerator **2** rounds together](https://millionrounds.com/fund/comcast)[**Eagle River** Hedge fund **2** rounds together](https://millionrounds.com/fund/eagle-river-capital-llc)[**Intel** Growth equity **2** rounds together](https://millionrounds.com/fund/intel)[**Techstars** VC firm **2** rounds together](https://millionrounds.com/fund/techstars)[**Warner Media** VC firm **2** rounds together](https://millionrounds.com/fund/warner-media)

## Quick answers about Sprint Nextel

### What does Sprint Nextel invest in?

Sprint Nextel invests most often at Growth and Seed (57% of the rounds on record).

### How active is Sprint Nextel?

8 investments on record, 0 of them in the last 12 months. The most recent was in Aug 2014.

### How big are Sprint Nextel's cheques?

The median round it joins is $10M.

### Does Sprint Nextel lead rounds?

Rarely, if at all: none of its 8 investments on record names it as the lead.

### Where does Sprint Nextel invest?

Most of the companies it backs are in the United States (88%) and the United Kingdom (13%).

### Is Sprint Nextel investing now?

No investments in the last 12 months; the latest was in Aug 2014.

### Who does Sprint Nextel invest alongside?

Most often Comcast (2 rounds together), Eagle River (2 rounds together) and Intel (2 rounds together).

### What kind of investor is Sprint Nextel?

Sprint Nextel is an investment firm.

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=sprint-nextel) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=sprint-nextel)
