Gigaclear, a UK-based startup, is focused on revolutionizing rural communities by providing them with high-speed, reliable broadband. The company, founded in 2010, has been making significant strides in the internet industry, particularly in areas where traditional copper-based networks have failed to meet the escalating demand for connectivity.
Through strategic investments and the deployment of state-of-the-art fibre networks, Gigaclear has successfully connected over 200 communities across the South West, Midlands, and South East of the UK. The company's commitment to closing the digital divide has earned it recognition, including being named a finalist for Employer of the Year 2022 at the Oxfordshire Business Awards.
Notably, Gigaclear has secured a substantial £420.00M in a Private Equity Round investment on 08 June 2023, with the investment coming from Equitix. This infusion of capital underscores the confidence of investors in Gigaclear's vision and potential for growth.
As the UK's premier fibre-to-the-premises provider, Gigaclear is on track to extend its coverage to 500,000 premises by the end of 2024, further solidifying its position as a leading player in the industry. Additionally, being principally owned by Infracapital, a prominent European Infrastructure investor, further bolsters Gigaclear's standing in the market.
Overall, Gigaclear's remarkable accomplishments, innovative approach, and strong financial backing demonstrate its potential to continue reshaping the landscape of rural broadband connectivity in the UK.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Private Equity Round | £420.00M | 1 | Equitix | 08 Jun 2023 |
Debt Financing | £190.00M | 6 | ABN AMRO Bank, NatWest Bank +3 | 17 Dec 2021 |
Private Equity Round | £111.00M | 2 | 05 May 2017 | |
Debt Financing | €25.00M | 1 | European Investment Bank | 14 Jan 2016 |
Funding Round | Unknown | - | 23 Nov 2012 |
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