VFN Holdings, Inc. Secures $80 Million Equity Financing to Accelerate Fiber Network Expansion

$HLNE

VFN Holdings, Inc. (Vero), a leading fiber infrastructure operator and broadband internet provider, has announced the successful closure of an $80 million preferred equity financing round. This funding, led by Delta-v Capital and funds managed by Hamilton Lane, included participation from existing Vero investors. The capital will support Vero’s mission to expand high-speed internet access in underserved communities by leveraging its extensive network and fiber assets.

Founded in 2017 by industry veterans, including former Zayo COO Matt Erickson, Vero has grown rapidly in both reach and scale. The company now operates across 237 markets in 20 states, serving over 21,000 customers. This new investment is poised to boost Vero’s ability to meet increasing demand for digital solutions, including artificial intelligence, cloud computing, 5G technology, and edge computing applications.

Vero’s growth strategy not only focuses on expanding its current services but also includes pursuing business acquisitions and success-based wholesale and large enterprise opportunities. The company’s operational framework positions it well to meet the evolving needs of the digital infrastructure market. Vero’s management team, with deep industry experience, has earned the confidence of major investors who recognize its potential for further growth.

Rand Lewis, Partner at Delta-v, expressed his confidence in Vero’s leadership, praising the team’s track record in fiber infrastructure. Brent Burnett, Head of Infrastructure and Real Assets at Hamilton Lane, similarly emphasized Vero’s strong team and unique market position. The company operates under several brands, including Vero Networks, Vero Fiber Networks, and others, allowing it to provide fiber services to a broad range of clients, from retail consumers to hyperscale cloud providers.

Vero’s multi-brand approach enables it to service a wide variety of verticals, including schools, government entities, and enterprises. This diversification strengthens its ability to provide comprehensive fiber infrastructure solutions nationwide. With this latest round of funding, Vero is well-positioned to continue its growth and innovation in the digital infrastructure sector, meeting the rising demand for high-speed connectivity.

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