Virtual1 Secures £10m Investment from BGF

virtual1Virtual1, a London, UK-based cloud and connectivity service provider, secured a £10m investment.

Business Growth Fund made the investment.

The company intends to use the funds to invest in additional network infrastructure, and supports its longer-term growth plans.

Founded in 2007 by CEO Tom O’Hagan, Virtual1 delivers cloud and connectivity services exclusively to the wholesale market, aggregating its own London-based network with networks from other carriers onto a single scalable platform.

Phil Male (formerly Chief Strategy Officer at Cable & Wireless) has joined the company’s board as Non-Executive Director following an introduction by BGF.

FinSMEs

04/01/2017