About Rocket Fiber
Rocket Fiber is a company based in Detroit (United States) founded in 2014 was acquired by Everstream in February 2020.. Rocket Fiber has raised $30 million across 1 funding round from investors including Everstream and Rock Ventures. Rocket Fiber operates in a competitive market with competitors including KPN, Hong Kong Broadband Network, Orange Polska, Cogeco and British Telecom, among others.
- Headquarter Detroit, 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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$30 M (USD)
in 1 rounds
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Latest Funding Round
$30 M (USD), Series A
Nov 12, 2015
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Investors
Everstream
& 1 more
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Employee Count
Employee Count
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Acquired by
Everstream
(Feb 26, 2020)
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Funding Insights of Rocket Fiber
Rocket Fiber has successfully raised a total of $30M through 1 strategic funding round. The most recent funding activity was a Series A round of $30 million completed in November 2015. 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 A — $30.0M
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First Round
First Round
(12 Nov 2015)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2015 | Amount | Series A - Rocket Fiber | Valuation |
investors |
| 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 Rocket Fiber
Rocket Fiber has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Everstream and Rock Ventures. 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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Investment holding company
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Founded Year | Domain | Location | |
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Heads-up displays for augmented reality are designed and manufactured.
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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 Rocket Fiber
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
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.
|
2016 |
Financial Statements - Rocket Fiber
| 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 |
Rocket Fiber Comparisons
Competitors of Rocket Fiber
Rocket Fiber 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 KPN, Hong Kong Broadband Network, Orange Polska, Cogeco and British Telecom, 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 |
Mobile and fixed-line telecommunication services are provided across Europe.
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| domain | founded_year | HQ Location |
Provider of fibre optic broadband internet services
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| domain | founded_year | HQ Location |
Telephony, internet, and data transmission services are provided in Poland.
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| domain | founded_year | HQ Location |
Fiber-optic internet, TV, and fixed-line telephone services provider
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| domain | founded_year | HQ Location |
Provider of mobile phones and fiber broadband services for home & business
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| domain | founded_year | HQ Location |
Wireless, TV, internet, and media services are provided across Canada.
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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 Rocket Fiber
Frequently Asked Questions about Rocket Fiber
When was Rocket Fiber founded?
Rocket Fiber was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Rocket Fiber located?
Rocket Fiber is headquartered in Detroit, United States. It is registered at Detroit, Michigan, United States.
Is Rocket Fiber a funded company?
Rocket Fiber is a funded company, having raised a total of $30M across 1 funding round to date. The company's 1st funding round was a Series A of $30M, raised on Nov 12, 2015.
What does Rocket Fiber do?
Rocket Fiber was founded in 2014 as an internet service provider based in Detroit, United States. Residential gigabit-speed internet, HDTV packages, and business services are offered through an expanding fiber network. Operations focus on the local market, with a retail store planned for the central business district by the end of 2015 to distribute technology products. Customer service teams are maintained to support users.
Who are the top competitors of Rocket Fiber?
Who are Rocket Fiber's investors?
Rocket Fiber has 2 investors. Key investors include Everstream, and Rock Ventures.
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