Cable / Telecom News

TPIA start-up oxio raises $25 million in Series A funding


MONTREAL — Third-party internet access (TPIA) provider oxio announced today it has raised $25 million in Series A funding, bringing its total funding to $40 million. Xavier Niel, founder of France-based telecom company Free, is the lead investor for Montreal-based oxio’s first significant venture capital financing, with additional investors including Investissement Québec, Desjardins Capital, Desjardins Entreprise, WndrCo and Dispatch Ventures. “We have a very different way of looking at telecommunications; we see a separation between physical networks and digital providers, much like what cloud-computing has done with servers,” says Marc-André Campagna, oxio co-founder and CEO, in a press release. “We foresee...