VETRO Closes on New $7M Capital Raise to Accelerate Growth and Innovation
Summary
Led by existing investors, Resolve Growth Partners and Maine Venture Fund, the investment will expand VETROs cloud-native fiber management platform capabilities and further global expansionPORTLAND, Maine, March 22, 2023--(BUSINESS WIRE)--VETRO, provider of the market-leading, easy-to-use, cloud-native fiber management system, today announced that it has successfully secured a growth capital investment of $7 million. "Public funding like the $42 billion dollar Broadband, Equity, Access, and Deployment (BEAD) Program, coupled with a growing influx of private capital, is fueling a massive build-out of fiber network infrastructure. "We are excited to be an expanded part of VETROs journey and support their passion for transforming the broadband landscape," said Chris Rhodes, Co-Founder, Resolve Growth Partners. ""VETROs vision of visualizing a connected world is as profound as it is vital," said Joe Powers, Managing Director, Maine Venture Funds. For more information on Resolve, visit http://www.resolvegrowth.com.Maine Venture Fund invests in dynamic businesses that have the potential for significant growth and impact in Maine.
Funding
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