inexio Informationstechnologie und Telekommunikation KGaA (inexio), a Saarlouis, Germany-based provider of broadband connections, received a €10.6m equity investment from Deutsche Beteiligungs AG (DBAG) and its DBAG Expansion Capital Fund.
DBAG and the fund will subscribe to a capital increase for 10% of the shares.
The company intends to use the capital to continue to grow with the aim of becoming one of the largest providers of broadband connections in rural areas of southern Germany in the coming years.
Founded in 2007, inexio supplies high-speed Internet access and landline telephony over a fibre-optic network. It serves some 1,800 business clients and approximately 20,000 private customers primarily in the German states of Rhineland-Palatinate and Saarland.