Virtual1, 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.