{"id":26769,"date":"2021-04-26T09:21:01","date_gmt":"2021-04-26T08:21:01","guid":{"rendered":"https:\/\/www.ispreview.co.uk\/?p=26769"},"modified":"2021-04-26T09:21:01","modified_gmt":"2021-04-26T08:21:01","slug":"broadband-isp-cuckoo-raises-gbp4-3-million-in-extra-uk-funding","status":"publish","type":"post","link":"https:\/\/www.ispreview.co.uk\/index.php\/2021\/04\/broadband-isp-cuckoo-raises-gbp4-3-million-in-extra-uk-funding.html","title":{"rendered":"Broadband ISP Cuckoo Raises GBP4.3 Million in Extra UK Funding"},"content":{"rendered":"

Cuckoo<\/a>, 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 \u00a34.3 million in order to help fuel their future growth.<\/p>\n

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<\/a> 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<\/a>.<\/p>\n

The company’s founder and CEO, Alexander Fitzgerald<\/strong>, told UKTN<\/a>: “We\u2019re growing quickly through word of mouth and referrals. People have grown sick of their broadband company during lockdown! We\u2019ve even had one customer receive almost \u00a3400 in cash so far this year from referring their friends to Cuckoo<\/a><\/em>.”<\/p>\n

Unusually the provider is currently only offering a single package based off Openreach<\/a>’s Fibre-to-the-Cabinet<\/strong> (FTTC<\/a>) technology and the 80Mbps (20Mbps upload) tier, which is promoted as offering average download speeds of 67Mbps on a monthly (rolling) term for \u00a329.99 per month (plus a \u00a360 one-off setup fee) – with a free router and included phone line rental (standard call charges).<\/p>\n

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<\/a> 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).<\/p>\n

Cuckoo<\/a> 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).<\/p>\n","protected":false},"excerpt":{"rendered":"

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 \u00a34.3 million in order to help fuel their future growth.<\/p>\n","protected":false},"author":1,"featured_media":26770,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[1],"tags":[472,55,69],"class_list":["post-26769","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uk_isp_news","tag-business","tag-fttc","tag-bt-openreach"],"share_on_mastodon":{"url":"","error":""},"yoast_head":"\nBroadband ISP Cuckoo Raises GBP4.3 Million in Extra UK Funding - ISPreview UK<\/title>\n<meta name=\"description\" content=\"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 - 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