Tech Company Financing Transactions
altafiber Funding Round
altafiber, operating out of Cincinnati, secured $600 million in investment from Macquarie and Ares Management.
Transaction Overview
Company Name
Announced On
8/30/2023
Transaction Type
Venture Equity
Amount
$600,000,000
Round
Undisclosed
Investors
Macquarie (Lead Investor)
Proceeds Purpose
The company intends to use the funds for the continued construction of its fiber networks throughout incumbent and expansion markets in Ohio, Kentucky, Indiana, and Hawaii. In addition to continuing to upgrade its current footprint, these new funds will enable altafiber to expand its opportunistic edge-out and community partnership strategy.
Company Information
Company Status
Private & Independent
Industry
Communications
Mailing Address
Undisclosed
Cincinnati, OH Undisclosed
USA
Cincinnati, OH Undisclosed
USA
Phone
Website
Email Address
Overview
Born from a long, rich and proven history of serving communities through innovation and transformation, we are now taking our impact to another level to be even more for the people we care so much about. altafiber's vision sees complete fiber access in our current markets and beyond, connecting more people, businesses, and communities with an elevated commitment to our customers and to those we serve.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Leigh Fox
Chief Financial Officer
Joshua Duckworth
President
Jason Praeter
Vice President
Suzi Maratta
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Where The Data Comes From
We report on funding rounds that are announced publicly. All VC database entries reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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