oxio Raises $25M in Series A Funding, Bringing Total Funding to $40M
Summary
With leading investor Xavier Niel, founder of Free, the innovative start-up changes how Canadians connect to the internet MONTRÉAL, July 19, 2021 /CNW Telbec/ - oxio, the internet connectivity platform shaking up the Canadian telecommunications industry, announced today that theyve closed their Series A funding after successfully raising 25 million CAD and bringing their total funding to $40 million CAD. The leading investor for this first significant venture capital financing is Xavier Niel, founder of Free, the telco giant that revolutionized European connectivity. The closing of this round of funding comes hot on the heels of significant momentum; last winter, oxio participated in the Y Combinator, one of the worlds most recognized start-up incubators. This support is especially important for tech start-ups, who in addition to being sources of innovation, are vital to our communities modernization," explains Marc Villeneuve, Vice-President of Development and Partnerships – Eastern Quebec at Desjardins. oxio can be ordered in five minutes, and theyre the only internet service provider offering local customer support and a 60-day money back policy.