MDU-focused fiber-based broadband service provider says it's in more than 25 markets.

August 15, 2018

1 Min Read

ATLANTA -- GigaMonster, one of the nation’s leading fiber-based internet providers to the multifamily industry, announced today it recently completed a $45-million investment with Post Road Group alongside a merger with Fibersphere Communications.

Since its introduction as a fiber-based broadband company in 2015, GigaMonster has grown rapidly, taking a stronghold in the multifamily internet provider industry, reaching more than 25 markets nationwide and expanding. After growing the GigaMonster footprint by more than six-fold over the past three years, Bill Dodd, chairman and CEO of GigaMonster, sought out MVP Capital to assist in finding the right strategic investor to take GigaMonster to the next level in growth.

GigaMonster is now poised to grow faster from coast to coast both organically and through acquisitions. The investment by Post Road Group was made possible through MVP Capital, which leveraged its expertise in the telecom infrastructure sector and long history of successfully raising capital for companies and entrepreneurs in this space.

The company will continue to deliver its core offering of Scary Fast™ 1 Gbps internet service to residents in multifamily communities with no hidden fees, no term commitments, no credit checks and no monthly data caps.

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