Cuckoo secures £4.3m in seed funding led by RTP Global to expand its team and reach.
The funding round was led by RTP Global with backing from JamJar Investments.
£4.3MSeed
Cuckoo is a national broadband provider operating in the UK that supplies a monthly rolling fibre connection. The firm offers straightforward contracts and competitive pricing designed to challenge traditional utility incumbents.
Cuckoo has secured £4.3m in seed funding to expand its team and customer base following significant growth. RTP Global led the investment round, with participation from JamJar Investments alongside several individual angel backers. The fresh capital arrives as the company scales its operations and launches nationally on comparison platforms.
From the founder
"The broadband market is broken and consumers are being ripped off every day. The importance of fast, reliable and affordable broadband has come into sharper focus with millions of people working from home over the past year. We’re excited that this funding will enable us to help tens of thousands of people across the country make their broadband simple, for good."
AF
Alexander Fitzgerald
Founder and CEO at Cuckoo
Investor perspective
"Consumer broadband is one of the largest markets yet one of the most poorly served. Consumers are fatiguing of customer-hostile pricing practices, inflexible contracts and deliberately awful customer service, and just as we have seen in insurance, energy and banking, we will see a number of challenger providers come in to eat incumbents’ lunch with differentiated product packagings and a fresh respect for their customers."
GJ
Gareth Jefferies
RTP Global
Use of funds
- 01Grow the team
- 02Accelerate go-to-market