JACKSONVILLE, Fla., [Date] /PRNewswire/ — IQ Fiber, a leading residential fiber-optic internet service provider based in Jacksonville, Florida, has successfully raised $150 million in follow-on equity funding. The investment was made by SDC Capital Partners, LLC, the company’s founding backer.
The additional funding will be utilized to accelerate the deployment of IQ Fiber’s network and drive customer growth throughout 2023 and beyond. With this capital infusion, IQ Fiber aims to further strengthen its position as a reliable provider of high-speed fiber-optic internet services.
Under the leadership of Founder and CEO Ted Schremp, IQ Fiber distinguishes itself by offering a 100% fiber-optic network without contracts, hidden fees, or data caps. The company prides itself on delivering exceptional customer service with local support. Since its establishment in August 2021, IQ Fiber has been rapidly expanding its fiber-optic-to-the-home (FTTH) network across Duval, Nassau, St. Johns, and Clay Counties. Currently, the company’s services are available in several areas, including San Marco, Mandarin, Jacksonville Beach, Atlantic Beach, Orange Park, and Neptune Beach.
IQ Fiber has built a strong presence in the Jacksonville area, employing over 75 dedicated professionals at its headquarters. The company’s commitment to providing reliable and high-speed internet connectivity has garnered praise from residential customers and businesses alike.
With the latest funding secured, IQ Fiber is poised to continue its network expansion, bringing advanced fiber-optic internet services to more households and businesses in the region.
