Surf Internet has raised $175 million in new funds and secured a $300 million loan to expand its fibre-optic network. This will help bring high-speed internet to more homes and businesses in the Great Lakes Region. The funding comes from investors like Macquarie Capital, Bain Capital, and DigitalBridge Credit.
With this support, Surf Internet plans to reach 275,000 locations in 2025. The company is committed to improving internet access in underserved areas, making sure more people can enjoy reliable, high-speed connections for work, school, and daily life.
What is Surf Internet?
Surf Internet is a fibre-optic broadband company that provides high-speed internet to homes and businesses, mainly in the Great Lakes region of the U.S., including Illinois, Indiana, and Michigan. The company focuses on bringing reliable internet to underserved and rural communities. With over 300 employees, Surf Internet is expanding its fibre network to improve digital access for more people.
Headquartered in Elkhart, Indiana, the company has additional offices in several cities across its service region. Recently, it raised significant funding to further expand its services and enhance its network capabilities.
Why is This Funding Significant?
This funding is significant because it allows Surf Internet to expand its fibre-optic broadband network and bring high-speed internet to more underserved communities in the Great Lakes region. The $175 million equity investment and $300 million debt facility provide the financial flexibility needed to scale operations, enhance network capabilities, and reach 275,000 fibre passings by 2025.
The investment from major financial players like Macquarie Capital, Bain Capital, and DigitalBridge Credit shows strong confidence in Surf Internet’s growth potential. It also ensures long-term financial stability, enabling the company to meet the rising demand for fast, reliable internet in rural and suburban areas.
How Will the Funds Be Used?
Surf Internet will use the funds to expand its fibre-optic network, improve internet speed, and reach 275,000 fibre passings by 2025. A significant portion of the investment will go toward building new fibre infrastructure in underserved and rural communities across the Great Lakes region. The company plans to enhance its network’s speed and reliability by upgrading its technology to support multigigabit capabilities.
The funding will also help Surf Internet grow its operations, reach more customers, and strengthen its financial stability for long-term expansion. By investing in digital infrastructure, Surf aims to provide faster and more reliable internet to more homes and businesses.
Founders’ Perspective
Surf Internet was founded by a group of visionary entrepreneurs, with Gene Crusie leading the company as CEO. Since its inception, the company has focused on expanding fibre-optic broadband to underserved areas, ensuring that communities have access to fast, reliable internet. Under Crusie’s leadership, Surf Internet has grown through strategic acquisitions and continuous investment in digital infrastructure.
The founders believe that this latest round of funding will enable Surf Internet to accelerate its expansion while maintaining financial stability. Their long-term vision is to build a future where every home and business has access to world-class fibre-optic connectivity, empowering individuals and businesses to thrive in the digital age.
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Key Takeaways
- Major Funding Boost – Surf Internet raised $175 million in equity and secured an upsized $300 million debt facility to expand its fibre-optic network.
- Expanding Fiber Network – The company aims to reach 275,000 fibre passings by 2025, focusing on underserved communities in the Great Lakes region.
- Strong Investor Confidence – Leading investors like Macquarie Capital, Bain Capital, and DigitalBridge Credit have backed the company, showing faith in its growth potential.
- Enhancing High-Speed Internet – The funding will support multigigabit capabilities, improving speed and reliability for customers.
- Commitment to Digital Inclusion – CEO Gene Crusie emphasizes the mission to bridge the digital divide, ensuring more homes and businesses get reliable internet access.
Conclusion
Surf Internet’s recent funding marks a major milestone in its journey toward expanding high-speed fibre-optic broadband. With strong backing from investors and a clear vision for growth, the company is well-positioned to reach 275,000 fibre passings by 2025. Its focus remains on bridging the digital divide by bringing reliable internet to underserved communities.
As technology advances, Surf Internet aims to enhance its multigigabit capabilities, improve network reliability, and expand its reach even further. With a commitment to innovation and customer satisfaction, Surf is shaping the future of connectivity, ensuring more homes and businesses benefit from fast, dependable internet.
Stronger, Faster, Better – Surf Internet is Changing the Game!
