Gigaclear
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Gigaclear - overview
Established
2010
Location
Abingdon, England, UK
Primary Industry
Telecoms
About
Gigaclear, based in the UK, delivers ultrafast full fibre broadband services, focusing on enhancing internet connectivity in rural areas where traditional services fall short. Founded in 2010 in Abingdon, UK, Gigaclear specializes in providing full fibre broadband to underserved rural communities. The company has completed 11 deals, with the most recent funding round occurring on April 13, 2022, raising GBP 15 million. Currently led by CEO Gareth Williams, Gigaclear has reached a post-money valuation of GBP 821.
4 million. Gigaclear Ltd specializes in ultrafast full fibre broadband services aimed primarily at rural locations in the UK. Their service offerings include broadband packages providing high-speed internet access, significantly faster than traditional connections, with speeds ranging from 300 Mbps to 900 Mbps. They also offer additional services like Smart WiFi and home phone integration, ensuring reliable connectivity for homes, small businesses, and rural communities.
In the most recent year of 2023, Gigaclear reported a revenue of GBP 42,105,960. 40 with an EBITDA of GBP -31,852,203. Following a funding round in April 2022 that raised GBP 15 million, Gigaclear is strategizing future growth through the development of new broadband products targeted at expanding their service offerings. The company aims to continue its expansion into additional rural markets across the UK, utilizing recent funding to enhance infrastructure and operational capabilities.
Current Investors
European Investment Bank, Railways Pension Scheme, Woodford Patient Capital Trust
Primary Industry
Telecoms
Sub Industries
Fiber Optics
Website
www.gigaclear.com
Total Amount Raised
Subscriber access only
Gigaclear - timeline of key events
Gigaclear - financials
| Fiscal Year Ended | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Jul 31, 2014 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 153,506 | 335,672 | 420,872 | - | 607,000 | 1,369,000 | 3,529,000 | 7,402,000 | 8,979,000 | 11,265,000 | 14,120,000 | 19,832,000 | 25,735,000 | - | - | - |
| % Revenue Growth (YoY) | - | 118.7% | 25.4% | - | - | - | 157.8% | 109.7% | 21.3% | 25.5% | 25.3% | 40.5% | 29.8% | - | - | - |
| EBITDA (USD) | (217,485) | (556,541) | (1,022,967) | - | (2,642,000) | (5,206,000) | (8,790,000) | (9,365,000) | (19,999,000) | (21,518,000) | (18,116,000) | (12,245,000) | (13,093,000) | - | - | - |
| Operating Income (USD) | (253,072) | (603,183) | (1,134,353) | - | (2,890,000) | (6,074,000) | (10,833,000) | (13,109,000) | (26,718,000) | (32,634,000) | (34,407,000) | (35,801,000) | (44,266,000) | - | - | - |
| Operating Margin | (164.9%) | (179.7%) | (269.5%) | - | (476.1%) | (443.7%) | (307.0%) | (177.1%) | (297.6%) | (289.7%) | (243.7%) | (180.5%) | (172.0%) | - | - | - |
| % EBITDA Margin | (141.7%) | (165.8%) | (243.1%) | - | (435.3%) | (380.3%) | (249.1%) | (126.5%) | (222.7%) | (191.0%) | (128.3%) | (61.7%) | (50.9%) | - | - | - |
| NET Income (USD) | (226,413) | (628,370) | (1,142,775) | (1,744,955) | (3,331,000) | (5,996,000) | (10,697,000) | (13,684,000) | (27,397,000) | (33,768,000) | (46,627,000) | (34,252,000) | (21,777,000) | - | - | - |
| % Net Margin | (147.5%) | (187.2%) | (271.5%) | - | (548.8%) | (438.0%) | (303.1%) | (184.9%) | (305.1%) | (299.8%) | (330.2%) | (172.7%) | (84.6%) | - | - | - |
Gigaclear - employee data
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