Premier Partners Toob Set for Further Expansion of Its Full-Fibre Network Having Secured up to £87.5m of New Funding

Date

22 Dec, 2021

toob has secured up to £87.5m of investment from Sequoia Economic Infrastructure Income Fund. The investment fuels toob’s growth plan in its drive to reach 1m premises passed across the South of England.

 

Chris Hogg, Senior Investment Director, Amber Infrastructure said: “We are very pleased to announce  Sequoia’s  investment as we continue to  scale  the  business.  We  look forward to Sequoia’s support through the next stage of toob’s growth.”

 

toob became Southampton 2025’s first Premier Partner in September 2020. Upon the announcement, Nick Parbutt, Founder & CEO, toob, said: “The City of Culture will be a galvanising force that will drive Southampton forward and help it realise its potential. toob is delighted to be able to support the bid and shares the same belief in the future success of the city. Culture has the power to inspire, to create a sense of belonging and pull communities together.  We are very proud sponsors of Southampton’s bid.”