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To support existing projects and drive continued U.S. expansion, a fund managed by Ares Management’s Infrastructure Opportunities strategy joins Underline as a strategic investor—adding a scaled global investment manager to the existing investor group. Also participating in the round are existing investors FinTech Collective and Revolution's Rise of the Rest Seed Fund.
Mike Roth, a Partner in Ares Infrastructure Opportunities strategy, said, “We believe climate and digital infrastructure are closely linked as access to the internet has become fundamental to educational, economic, and healthcare outcomes—similar to electricity or water. Ares is excited to work with Underline to drive positive social impact by offering communities more equitable access to quality information and connectivity infrastructure.”
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