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Broadband ISP Cuckoo Raises GBP4.3 Million in Extra UK Funding

Monday, April 26th, 2021 (9:21 am) - Score 1,008
Cuckoo_uk_broadband_isp

Cuckoo, which only launched last summer and is thus still a relatively new broadband ISP in the UK, has just completed a fresh funding round – led by RTP Global with participation from JamJar Investments – that saw them raise £4.3 million in order to help fuel their future growth.

At present the provider is still a fairly small operation and its team consists of just 11 people, although they expect to double that by the end of 2021. Cuckoo also boasts of having a 250% growth rate so far in 2021, although they’ve only been in the market for a short period of time and so will be starting from a very low base (no customer figures are stated). The latest company accounts can be found here.

The company’s founder and CEO, Alexander Fitzgerald, told UKTN: “We’re growing quickly through word of mouth and referrals. People have grown sick of their broadband company during lockdown! We’ve even had one customer receive almost £400 in cash so far this year from referring their friends to Cuckoo.”

Unusually the provider is currently only offering a single package based off Openreach’s Fibre-to-the-Cabinet (FTTC) technology and the 80Mbps (20Mbps upload) tier, which is promoted as offering average download speeds of 67Mbps on a monthly (rolling) term for £29.99 per month (plus a £60 one-off setup fee) – with a free router and included phone line rental (standard call charges).

In today’s market of gigabit-speeds and full fibre, where most new entrants are also building their own infrastructure, that package already runs the risk of looking a bit dated. But it is at least reasonably priced for that particular FTTC tier, especially when you consider that this is their standard pricing and not a discounted rate (note: they do state that prices may still rise with inflation).

Cuckoo also differentiates itself by taking 1% of each bill and using it to help spread internet connectivity into challenging places, such as conflict zones, natural disaster sites and developing communities (customers choose the project).

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By Mark Jackson
Mark is a professional technology writer, IT consultant and computer engineer from Dorset (England), he also founded ISPreview in 1999 and enjoys analysing the latest telecoms and broadband developments. Find me on Twitter, , Facebook and Linkedin.
Leave a Comment
11 Responses
  1. Jonny says:

    A 1-month contract at that price point is quite appealing. I’m assuming this is just a resale operation at that size – does anybody know what provider they are using?

    1. Andy says:

      Unless they have changed, they are reselling TalkTalk Business. A few months ago, they were openly mentioning it on their website.

    2. Damien says:

      Well I can see TalkTalk and not Business – but it seems to be working well.

  2. bob says:

    I’m with them and have been since September last year. No complaints here. They’ve also started looking into FTTP solutions.

  3. Damien says:

    I literally went live with them yesterday – I agree the £60 setup and £29.99 is good – the router they supply is decent too – Just send it back when done..

    I think even when FTTP comes here – I will still keep them as a backup/ Always good to have

  4. anon36748 says:

    My family switched to Cuckoo last year, it’s been working well since we signed up. I hope they can keep the price at £30. There’s no annoying website blocking like with TalkTalk.

    It’s nice to know you can switch without penalty if necessary. I think they will hold onto more customers as FTTP roles out if they can offer a FTTP option too..

  5. a says:

    unfortunate name

    1. Damien says:

      No if you bothered to even go there you would realise it’s actually quite clever.

  6. Fabrizio says:

    Shame they don’t do SOGEA

  7. john says:

    Is that new ISP from the Cuckoo Oak, Telford?

    1. Damien says:

      No.. why not go look rather than make silly comments?

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