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In response to a report from ISPreview, UK ISP Gigabit IQ has opened a crowdfunding spherical looking for £270,000 to speed up its enlargement.
The corporate carries a pre-money valuation of £5 million and is providing 5.12% fairness to new buyers, as seen on the marketing campaign web page.
On the time of writing, the corporate has aready seen £243,650 dedicated by 40 buyers.
Gigabit IQ is a retail ISP combining full-fibre connectivity with security and device-protection companies, akin to FamilyGuard+ and CyberGuard+.
The corporate says it has an addressable attain of 1.5 million properties by way of varied wholesale companions, together with Full Fibre and F&W Networks’ networks.
The corporate first introduced it might search to lift money by way of crowdfunding in October final yr, saying the technique mirrored their community-centre method to broadband. At the moment, the corporate was aiming to lift £500,000.
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