Tech Company Financing Transactions
IQ Fiber Funding Round
IQ Fiber closed a $150 million financing round on 5/25/2023. Investors included SDC Capital Partners.
Transaction Overview
Company Name
Announced On
5/25/2023
Transaction Type
Venture Equity
Amount
$150,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The additional equity funding will support further network deployment and customer growth in 2023 and beyond.
Company Information
Company Status
Private & Independent
Industry
Communications
Mailing Address
8787 Perimeter Park Blvd
Jacksonville, FL 32216
USA
Jacksonville, FL 32216
USA
Phone
Website
Email Address
Overview
Fiber-optic was built for today's internet. The average home has eleven devices connected at one time, often transmitting large amounts of data to stream shows, play games, host a video conference, and check who is at your front door. And because fiber is dedicated to transmitting data faster for both upload and download, with less lag and more bandwidth, fiber-optic service is more reliable. Plus, fiber cables are water and temperature resistant and use less electricity than copper, resulting in less carbon output and lower emissions.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Ted Schremp
Chief Financial Officer
Jean Roberson
Chief Marketing Officer
Kim Smithers
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