BGF backs network operator Virtual1

Author

Business Growth Fund

10 January 2017

Virtual1, a London-based cloud and connectivity service provider, secured a £10m investment from BGF as it continues to pursue its growth strategy.

Virtual1 delivers cloud and connectivity services exclusively to the wholesale market, aggregating its own cutting-edge London-based network with networks from other carriers onto a single scalable platform. Founded in 2007 by CEO, Tom O’Hagan, Virtual1 featured in the Sunday Times Tech Track 100 for three consecutive years and generated revenue close to £18m in 2015/16.

BGF’s funding will be used by the company to invest in additional network infrastructure, and supports its longer-term growth plans.

Click here to see what others deals BGF have been participating in recently.

 

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