Overview

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Total Equity Funding
$75.76M in 1 Round from 1 Investor
Most Recent Funding
$27.69M Debt Financing on July 19, 2016
Headquarters:
London
Description:
Hyperoptic is a fiber-based internet service provider.
Founders:
Categories:
Internet, ISP
Website:
http://hyperoptic.com
Social:

Company Details

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Hyperoptic's true superfast broadband technology differs from the services currently offered by most other leading UK internet service providers in that it provides unimpeded fibre speeds directly to the premises. Other so-called ‘superfast fibre' services are generally hybrids, relying on existing infrastructure and dated copper cables to make up at least part of the line, resulting in drastically reduced internet speeds and unpredictable performance.

The UK currently lags behind other international markets when it comes to the availability of true hyperfast broadband, with FTTH technology available in less than 1 per cent of homes. In contrast, Japan boasts over 50 per cent penetration and the US around 10 per cent, according to FTTH Council Europe. With an aggressive expansion and development plan fuelled by this new investment, Hyperoptic is now primed to play a significant role in closing this gap.

Funding Rounds (2) - $103.45M

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DateAmount / RoundValuationLead InvestorInvestors
Jul, 2016£21M / Debt Financing1
May, 2013£50M / Private Equity1

Investors (2)

Current Team (8)

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Board Members and Advisors (1)

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Offices/Locations (1)

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  • Office

    Unit C401 Westfield

    Ariel Way

    London, W12 7FD

    GBR

Images (1)

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