Albion invests £4.7m in G Network

The fresh funding will enable G Network to invest in the expansion of its infrastructure in London, with a particular focus on streets with a high density of businesses. It is aiming to connect an additional 70 streets to its fibre network by the end of 2017.

The transaction is the third investment made by Albion since the start of May, with the firm also taking part in a £12m series-B funding round for digital marketing company MPP Global and a $3.25m round for cybersecurity data analytics company Panaseer.

The firm also recently rebranded from Albion Ventures to Albion Capital to reflect the evolution of its strategies, in particular the acquisition of Olim Investment Managers in September 2016 and expansion of its venture capital, renewable energy, care home and IP commercialisation businesses.

Company
Headquartered in London and founded in 2016, G Network provides fibre broadband services to SMEs operating in central London.

People
Albion Capital – Adam Chirkowski (investment director).
G Network – Sasho Veselinski, David Sangster (co-founders).

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• Topics
• Expansion
• UK / Ireland
• Technology
• United Kingdom
• Albion Ventures
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