Virtual1 secures £10m from BGF to expand its network infrastructure
BGF has provided a £10m investment to support the cloud and connectivity operator's growth strategy.
Virtual1 is a London-based cloud and connectivity service provider operating exclusively in the wholesale market.
Virtual1 has secured £10m in funding from BGF to support its ongoing expansion and fund investments in additional network infrastructure. Founded in 2007, the company provides cloud and connectivity solutions to the wholesale market by combining its own London network with those of other carriers onto a single platform.
The business generated revenue approaching £18m over the 2015 to 2016 period and has previously featured in the Sunday Times Tech Track 100. The newly acquired capital will enable the firm to further develop its network capabilities and accelerate its commercial strategy.
Use of funds
- 01Build out infrastructure
