About altafiber
altafiber is a company based in Cincinnati (United States) founded in 2021.. altafiber has raised $600 million across 1 funding round from investors including Ares Management and Macquarie Group. altafiber offers products and services including Fioptics Internet, Fioptics TV, and Phone Services. altafiber operates in a competitive market with competitors including 1&1 IONOS, Vonage, Viatel, Aureon and Dialog Axiata, among others.
- Headquarter Cincinnati, United States
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Sectors
Telecommunications
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Phone
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Website
*********
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Social
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- Legal Name Cincinnati Bell Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$600 M (USD)
in 1 rounds
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Latest Funding Round
$600 M (USD), Series D
Aug 29, 2023
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Investors
Ares Management
& 1 more
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Employee Count
Employee Count
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Products & Services of altafiber
altafiber offers a comprehensive portfolio of products and services, including Fioptics Internet, Fioptics TV, and Phone Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
High-speed fiber internet with symmetrical speeds up to 6 Gig
Streaming TV with channels and on-demand content
Voice services with plans and bundles for residential use
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Software Development Team
16 people
Leadership Team
13 people
Product Management Team
12 people
Operations Team
9 people
Sales and Marketing
6 people
Finance and Accounting
5 people
Project Team
4 people
Senior Team
2 people
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Funding Insights of altafiber
altafiber has successfully raised a total of $600M through 1 strategic funding round. The most recent funding activity was a Series D round of $600 million completed in August 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series D — $600.0M
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First Round
First Round
(29 Aug 2023)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2023 | Amount | Series D - altafiber | Valuation | Macquarie Group , Ares Management |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in altafiber
altafiber has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Ares Management and Macquarie Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Alternative asset investment management firm
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Founded Year | Domain | Location | |
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A global financial services organization with Australian heritage is operated.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by altafiber
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - altafiber
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Altafiber Comparisons
Competitors of altafiber
altafiber operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as 1&1 IONOS, Vonage, Viatel, Aureon and Dialog Axiata, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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| domain | founded_year | HQ Location |
Provider of contact center business communication solutions
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| domain | founded_year | HQ Location |
Connectivity, voice, and data center solutions are provided by Viatel.
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| domain | founded_year | HQ Location |
Business telecom and contact center services are provided to enterprises.
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| domain | founded_year | HQ Location |
Telecommunication services are delivered across Sri Lanka by Dialog Axiata.
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| domain | founded_year | HQ Location |
Cloud-based DNS, DHCP appliances, and security solutions are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Altafiber
Frequently Asked Questions about altafiber
When was altafiber founded?
altafiber was founded in 2021 and raised its 1st funding round 2 years after it was founded.
Where is altafiber located?
altafiber is headquartered in Cincinnati, United States. It is registered at Cincinnati, Ohio, United States.
Who is the current CEO of altafiber?
Leigh R Fox is the current CEO of altafiber.
Is altafiber a funded company?
altafiber is a funded company, having raised a total of $600M across 1 funding round to date. The company's 1st funding round was a Series D of $600M, raised on Aug 29, 2023.
What does altafiber do?
altafiber provider of voip, internet, tv, and other services through telecom, telecom operators, and business communication. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
Who are the top competitors of altafiber?
What products or services does altafiber offer?
altafiber offers Fioptics Internet, Fioptics TV, and Phone Services.
Who are altafiber's investors?
altafiber has 2 investors. Key investors include Ares Management, and Macquarie Group.