Gigaclear is a rural broadband ‘altnet’ that designs, builds and operates full-fibre (FTTP) networks, aiming to eliminate the digital divide for underserved communities. Founded in December 2010, the company has passed more than 600,000 premises across 26 UK counties and currently counts over 160,000 connected customers, representing a 25% take-up rate. Management is targeting a long-term penetration of 40–45% despite increasing overbuild pressure from Openreach. Earlier in 2023 the business reached EBITDA positivity and is now focused on achieving full cash-flow positivity. The firm’s network expansion strategy is supported by scalable infrastructure and a mission to deliver “unparalleled connectivity” to rural homes and businesses. Continued customer growth and positive operating metrics underpin the company’s confidence in sustainable long-term delivery.

Total raised

$250M

Funding rounds

3

Latest round

Debt Financing

Latest activity

Dec 2025