Tech Track 100

Backed by billionaire hedge fund manager George Soros, this London-based company provides fibre optic broadband services that it claims are 30 times faster than the average UK connection. University friends Dana Tobak, 48, and Boris Ivanovic, 47, previously started Be Broadband, which they sold to O2 for £50m in 2006. They started Hyperoptic in 2011 and two years later raised £50m from 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 this year. Expansion of its network to reach homes and businesses in 28 UK cities and towns helped sales hit £8.8m in 2016.

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Company details
ActivityInternet services provider
LocationWest London
Average 3 year sales growth160.86%
Latest sales £000s8,775

If applicable:

* supplied by company † annualised figure