This company provides fibre-optic broadband services that it claims are 21 times faster than the average UK connection. University friends Dana Tobak, 49, and Boris Ivanovic, 48, previously started Be Broadband, which they sold to O2 for £50m in 2006. They set up Hyperoptic in 2011 and two years later raised £50m from the billionaire George Soros through his Quantum Strategic Partners investment vehicle. In July 2016 the company received £21m in debt financing from the European Investment Bank, followed by £100m from a consortium of banks in July last year. Expansion of its network to reach homes and businesses in 30 UK locations helped sales hit £16.6m in 2017
This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.