Calculus invests £2m in Origin Broadband

The deal comes just seven months after the firm provided Origin with £3m in order to fund a recruitment drive and the development of its network. According to a statement, the business has exceeded its customer acquisitions target by 300% during that time and more than doubled its headcount.

The fresh funding will be used to fund the further expansion of the company's team and network. It will also enable Origin, which has so far focused on residential clients, to increase its focus on the acquisition of SME clients.

Previous funding
Calculus invested £3m in Origin in January 2017.

Company
Founded in 2011 and headquartered in Doncaster, Origin is a provider of fibre-optic broadband and phone services.

People
Calculus Capital – Richard Moore (head of new investments).

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• Topics
• Expansion
• UK / Ireland
• Technology
• United Kingdom
• Calculus Capital
• Venture