Brillband, a Glasgow, UK-based provider of an app broadband, raised £660K in funding.
The round was led by Fuel Ventures, as well as private investment from renowned bankers and industry experts.
The company intends to use the funds to expand operations and launch in the UK.
Led by CEO Duncan Di Biase and CTO Justin Fielder, Brillband is a provider of app-based broadband designed for full-fibre networks that enables users to run their entire broadband service from their mobile phone or tablet device. The patent-pending software technology uses the direct connection between the provider and customer to enable the service to build individual usage profiles which automatically optimize the service according to how it’s used, for example for gaming, streaming, working from home, or downloading content.
Brillband’s native consumer-centric features also include 1GB speeds with no entry price points; up-to-the-minute network diagnostics and updates via push notifications; malware detection capability and built-in security software; and round-the-clock access to local customer service teams all at customers’ fingertips.
Brillband – which will be initially rolled out to a test group of hundreds of app and network customers across Glasgow and Renfrewshire later this year – aims to have 10,000 customers and a team of 20 by the end of 2023, rising to 40,000 customers by the end of 2024. Mr Di Biase estimates the firm will have 120,000 customers by 2025. Vodafone is currently the fifth largest broadband provider in the UK with one million customers.
FinSMEs
05/05/2022