Netomnia secures £295m Series C investment led by DigitalBridge to expand fibre infrastructure
The funding round was led by DigitalBridge with follow-on commitments from Soho Square Capital and Advencap.
Netomnia is a UK broadband provider that builds full fibre networks to deliver multi gigabit internet services to homes and businesses.
Full fibre broadband provider Netomnia has secured £295m in a Series C funding round led by DigitalBridge. The investment includes participation from existing shareholders Soho Square Capital and Advencap.
The capital will support the company as it works towards its target of reaching one million premises passed over the next two years. Netomnia has already passed more than 130,000 properties since its rollout commenced in 2020, relying on partnerships with major construction firms to scale its operations.
The transaction is anticipated to close in the second quarter of 2022, subject to customary regulatory conditions and approvals.
From the founder
"We are thrilled to partner with DigitalBridge and benefit from their support and industry expertise as we work towards our target of one million premises passed in the next two years. We are scaling rapidly and aim to play an active role in unleashing the UK’s digital potential by delivering the benefits that come with multi-gigabit fibre broadband."
Jeremy Chelot
Former CEO of Community Fibre at Netomnia
Investor perspective
"We have known Jeremy for several years and are excited to partner with him in scaling the Group into a premier fibre-to-the-premises (FTTP) provider in the UK. We have been highly impressed with the growth of the business and the best-in-class team he has assembled."
Manjari Govada
Principal, DigitalBridge