LiveOak Fiber – a regional broadband service provider founded in 2022 – announced it has secured additional funding through a co-investment partnership between InfraRed Capital Partners and MEAG, the Asset Manager of Munich Reinsurance Company (Munich Re) and its wholly owned direct and indirect subsidiaries. This co-investment commitment was granted to LiveOak for clients managed by MEAG. This new funding will further support LiveOak’s mission to deliver high-speed broadband to underserved markets in the southeast US.
Since its founding in June 2022, LiveOak Fiber has made major strides in bridging the digital divide across Florida and Georgia. The company has already completed over 50% of its planned network builds in Northwest Florida, signaling its commitment to expanding its reach. It has deployed more than $200 million in investment and constructed over 1,000 miles of fiber.
LiveOak Fiber currently serves residential and business customers across five counties across Florida and Georgia, targeting areas that have historically seen limited investment in fiber infrastructure. And the company’s focus on these underserved markets aligns with its mission to provide essential connectivity to communities that need it most.
This investment builds on LiveOak’s recent success in securing $250 million in funding underwritten by J.P. Morgan. And this combined financial backing will allow LiveOak to accelerate its expansion plans and reach more homes and businesses needing reliable, high-speed Internet access.
KEY QUOTES;
“This additional funding reaffirms our commitment to the communities we serve. We’re not just building infrastructure; we’re investing in the future of these communities across the region to enable economic growth and enhance the quality of life.”
– Jody Craft, CEO of LiveOak Fiber
