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. Founded in 2007 by CEO Tom O’Hagan, the company focuses on providing scalable network and cloud infrastructure to channel partners. In April 2017 it secured a £10m investment from Business Growth Fund (BGF). The company intends to use the funds to invest in additional network infrastructure and to support its longer-term growth plans. Phil Male, formerly Chief Strategy Officer at Cable & Wireless, joined the board as a Non-Executive Director following an introduction by BGF. Virtual1’s model centers on wholesale aggregation rather than direct retail sales.

Total raised

$12M

Funding rounds

1

Latest round

Equity

Latest activity

Jan 2017