IQ Fiber secures additional USD150m equity commitment from SDC Capital Partners

Jacksonville-based IQ Fiber has secured USD150 million in follow-on equity funding from its founding investor SDC Capital Partners. The fresh investment will support further network deployment and customer growth in 2023 and beyond. Established in August of 2021, IQ Fiber is deploying its 100% fibre-to-the-home (FTTH) network in Duval, Nassau, St. Johns and Clay Counties with service now available in San Marco, Mandarin, Jacksonville Beach, Atlantic Beach, Orange Park and Neptune Beach. The ISP says it is on track to deliver its Phase 1 target of 60,000 serviceable homes across metro Jacksonville and four counties in Northeast Florida.