Insurgent UK broadband startup Cuckoo Internet raises $6M stage led by RTP Completo, with JamJar Investments

Cuckoo Internet, and that is essentially aiming to be an insurgent startup in the internet provider space in the UK, employs closed a $6 somme investment round led created by RTP Global, along with engaging from JamJar Investments. Increase launch on price-comparison webpages uSwitch.

RTP Global was an early guarantee of Yandex, Delivery Persona, and Datadog. JamJar has backed Bulb, Deliveroo, Tails and Oatly. Other affected person investors in the round concerned former executives of Monzo and Stripe,

Cuckoo’s pitch is that it comes with simple broadband offering, suppling a single 67 Mb/s much needed dietary fibre deal on a monthly enchanting contract with “no nestled fees” it says.

At a statement Alexander Fitzgerald, Builder and CEO at Cuckoo, said: “The broadband market is broken and consumers are presently ripped off every day. The importance of high-speed, reliable and affordable internet has come into sharper really focus with millions of people working from home within the last few year. We’re excited chance funding will enable all of us to help tens of thousands of people throughout the country make their broadband simple, for good. ”

Gareth Jefferies, Partner inside the RTP Global, said: “Consumer broadband is one of the largest within yet one of the most poorly to have. Consumers are fatiguing of customer-hostile pricing practices, inflexible legal agreements and deliberately awful customer, and just as we have seen in ınsurance policies, energy and banking, we will have a number of challenger providers attain to eat incumbents’ lunch using differentiated product packagings in addition to a fresh respect for their your customers. ”

Article Categories: