IQ Fiber, a Jacksonville, Florida-based residential fiber-optic internet service provider, secured $150m in follow-on equity funding.
Founding backer SDC Capital Partners, LLC, made the investment.
The additional equity funding will support further network deployment and customer growth in 2023 and beyond.
Led by Ted Schremp, Founder and CEO, IQ Fiber is a local fiber-optic internet service provider offering a 100% fiber-optic network with no contracts, hidden fees, or data caps. Its network is supported by live, local customer service. Established in August of 2021, the company is deploying its 100% fiber-optic-to-the-home (FTTH) network in Duval, Nassau, St. Johns and Clay Counties with service now available in San Marco, Mandarin, Jacksonville Beach, Atlantic Beach, Orange Park, and Neptune Beach.
The company employs over 75 employees at its Jacksonville headquarters.
FinSMEs
25/05/2023