Vero Fiber Networks is a fiber optic network company with a mission to remove the divide in technology infrastructure by providing bandwidth to schools and surrounding districts. Aiming to become an active part of communities, the company provides services including home internet and fiber internet for businesses, schools, and wholesale distributors. Vero Fiber Networks was founded in 2017 by Greg Friedman, Gregg Strumberger, John Real, and Zach Nebergall and is headquartered in Boulder, CO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
09/16/2024 | Series SP | $80MM | $xx.xx | $274.55MM | Delta-v Capital, Hamilton Lane | |
Price per Share
$xx.xx
Shares Outstanding
27,271,643
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.4x
Conversion Ratio
1.0x
Dividend Rate
18.0%
Cumulative
Cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Delta-v Capital, Hamilton Lane
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12/01/2020 | Series B-4 | $4.75MM | $xx.xx | $180.98MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
1,619,148
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
5.0%
Cumulative
Cumulative
Participating
Participating
Participation Cap
1000.0
Key Investors
Undisclosed Investors
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12/01/2020 | Series B-3 | $7.71MM | $xx.xx | $180.98MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
5,798,127
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
5.0%
Cumulative
Cumulative
Participating
Participating
Participation Cap
1000.0
Key Investors
Undisclosed Investors
|
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12/01/2020 | Series B-2 | $5.95MM | $xx.xx | $180.98MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
5,061,189
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
5.0%
Cumulative
Cumulative
Participating
Participating
Participation Cap
1000.0
Key Investors
Undisclosed Investors
|
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12/01/2020 | Series B-1 | $5MM | $xx.xx | $180.98MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
5,000,000
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
5.0%
Cumulative
Cumulative
Participating
Participating
Participation Cap
1000.0
Key Investors
Undisclosed Investors
|
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12/01/2020 | Series A | $13.37MM | $xx.xx | $180.98MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
13,369,448
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
5.0%
Cumulative
Cumulative
Participating
Participating
Participation Cap
1000.0
Key Investors
Undisclosed Investors
|