DGtek raises $7M in funding round for network expansion


David Klizhov (DGtek)

David Klizhov (DGtek)

Credit: Supplied

Melbourne-based fibre broadband services provider DGtek has raised over $7 million in a Series A funding round to expand the reach of its network across Australia. 

Led by financial services group MA Financial’s Growth Capital Fund, the capital is expected to help the provider reach 1 million homes and businesses by 2024, according to DGtek CEO David Klizhov. 

“We are proud to be able to deliver superior connectivity, capacity and speed for our customers, at a fraction of the cost of the NBN,” he claimed.  

“The NBN continues to fail its customers across inner Melbourne and beyond. We are determined to meet the needs of businesses and residents – where unconstrained connectivity is an essential requirement during these times of increased work from home.” 

Jaron Yuen, managing director at MA Financial, said he was impressed with DGtek’s business acumen. 

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