The IAC-backed internet service provider is targeting $55m for the round and has now raised $94m altogether.

Starry, the US-based internet service provider backed by media and internet group IAC, has raised $31m of a $55m funding round, according to a regulatory filing.

Founded in 2014, Starry provides a rapid wifi internet service without subscription bundles or hardware fees for a flat cost of $50 per month, as opposed to providers such as Verizon or Comcast that typically offer it as part of a larger cable television or landline-based package.

The company had previously raised $63m in…