Gigaclear

company

About

Gigaclear is a private company dedicated to building and operating Ultrafast broadband networks based on pure fibre technology.

  • 251 - 500

Details

Last Funding Type
Debt Financing
Last Funding Money Raised
€25M
Industries
Internet,Optical Communication,Satellite Communication,Telecommunications
Founded date
Jan 1, 2010
Number Of Employee
251 - 500
Operating Status
Active

Gigaclear is one of the fastest and most reliable broadband networks in the UK. Delivered only to rural areas of England we deliver better broadband than is available to most towns and cities. With ultrafast, pure fibre broadband, available to every one of their customers, rural communities will be ready to meet the demands of Internet services of the future.

Founded in December 2010 by Matthew Hare, the Chief Executive, the company has grown steadily ever since, key appointments have included Joe Frost in 2012 as Sales and Marketing Director and in March 2014 Simon Bullock joined the company as CFO.

In May 2011 Ofcom applied the electronic communications code to Gigaclear for the purposes of the provision, by Gigaclear, of an electronic communications network in the United Kingdom. Also in May 2011 the company took a majority stake in local access pioneer Rutland Telecom and in September of that year the company started construction of its first fibre-to-the-premises network, which opened service in October 2011 in Hambleton in Rutland.

During 2012 Gigaclear also delivered its first Gigabit fibre-to-the-premises network in the rural communities of Appleton, Eaton and Besselsleigh in Oxfordshire. During 2013 and 2014 the company opened new networks in Fyfield, Frilford, Farmoor, Stanton Harcourt, Woodeaton, Beckley and Northmoor in Oxfordshire, Godden Green in Kent and Uppingham in Rutland. At the end of 2015, Gigaclear had 27 rural networks live with 39 more in construction in Oxfordshire, Kent, Cambridgeshire, Rutland and Northamptonshire. In addition Gigaclear is building rural networks supported by BDUK Superfast Broadband grants in Gloucestershire, West Berkshire and Essex.

Gigaclear delivers incredibly fast, and reliable broadband access, everyone connected to the network has the same level of service regardless of 'distance from the cabinet' or weather conditions.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
1
€25M
Gigaclear has raised a total of €25M in funding over 2 rounds. Their latest funding was raised on Jan 14, 2016 from a Debt Financing round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Jan 14, 2016 Debt Financing €25M 1 European Investment Bank Detail

Investments

Number of Investments
Number of Lead Investments
3
0
Gigaclear has made 3 investments. Their most recent investment was on Sep 3, 2018, when BeatFit raised ¥102M.
Date Company Name
Round Money Raised Industry Lead Investor
Sep 3, 2018 BeatFit
Seed ¥102M Fitness
Jun 1, 2018 Kommerce
Funding Round $630K Blockchain
Dec 26, 2016 CAMPFIRE
Series A ¥329.84M Asset Management

Investors

Number of Lead Investors
Number of Investors
1
1
Gigaclear is funded by 1 investors. European Investment Bank are the most recent investors.
Investor Name Lead Investor Funding Round
European Investment Bank Yes Debt Financing