Where it's based: Lake Mary, Fla.
When it was founded: 2007
Why it's Fierce: Think eBay, but for spectrum. Or, better yet, think of the real estate industry's multiple listing service (MLS)--which shows shoppers a full list of all the houses that are up for sale--but for spectrum. That's the idea behind Spectrum Bridge, founded by a quartet of executives from Mesh Networks with $10 million in venture funding from the likes of Espirito Santo Ventures and True Ventures.
Spectrum Bridge's online service connects spectrum owners with those that want it, and allows for a variety of business exchanges. Sellers, which include two-way wireless players, schools, churches, wireless carriers and others, can elect to sell spectrum via an auction scenario, a fixed price or other set-ups. Buyers include the likes of utilities, trucking companies, wireless carriers and others. Spectrum Bridge's online marketplace service includes spectrum in 700 MHz, 800 MHz, 1900 MHz and 2.5 GHz bands, and includes around 2,000 licenses worth an estimated $750 million.
The company's efforts are notable considering the billions of dollars the government recently raised through the auction of 700 MHz spectrum, and the dwindling amount of licensed spectrum up for grabs. Perhaps more interestingly, Spectrum Bridge's online service provides interested parties with a real-time way to calculate the current market value of spectrum. Anyone who has tried to sell collectibles on eBay--only to discover that the price in the collector's book is usually much different than what people actually will pay--can appreciate that.
What's next: Spectrum Bridge recently announced its SpecEx Index, which is essentially a Nasdaq-style value index for airwaves. The company said it plans to use its new SpecEx Index to promote its online spectrum marketplace. The company may also look to foreign markets for expansion.