LiveOak Fiber, a Brunswick, GA-based regional broadband service provider, raised $250M in financing.
The financing underwritten by J.P. Morgan.
The company intends to use the funds to continue its progress and expand further into new and existing communities..
Led by CEO Jody Craft, LiveOak Fiber is an all-fiber broadband service provider, dedicated to providing fast connectivity to serve communities across Florida and Georgia. Since its founding in June 2022, the company has grown into a regional network operator serving business and residential customers in Bay, Okaloosa, and Walton Counties, Florida, and Camden, Chatham, and Glynn Counties, Georgia. The company has deployed more than $200M in investment to date, constructing and lighting more than 1,000 miles of fiber, and unlocking access to educational resources, telehealth services, and economic opportunities previously out of reach in these areas.
Commenting on the news, Jody Craft said: “This financing will be used to continue our expansion in Florida and Georgia as well as the surrounding region. We see this as an important step and shows our team’s continued commitment to growth.”
FinSMEs
01/07/2024