Brightspeed, the third-largest fiber broadband builder in the U.S., has secured an additional $575 million in capital to fast-track its fiber network rollout. This latest funding adds to the $3.7 billion already raised in 2024 and will fuel the company’s ongoing efforts to bring high-speed fiber internet to over five million homes and businesses across its 20-state service area.

Having already passed more than 2 million locations, Brightspeed plans to add another 1 million homes in 2025, keeping pace as one of the fastest builders in the country.

“This new capital allows us to continue our aggressive fiber build strategy, bringing high-speed connectivity to communities that have historically lacked quality broadband options,” said Michel Combes, Executive Chairman and CEO. “We’ve made tremendous progress, and this new funding underscores the credit market’s belief in our strategy and the strength of our execution.”

Backers of the new round cited Brightspeed’s expansive, underpenetrated footprint and its ability to execute large-scale builds efficiently as key reasons for their confidence.

Brightspeed’s network is powered by XGS-PON technology, enabling symmetrical multi-gigabit internet speeds. Its fiber service is already available in over 530 communities and expanding rapidly.

The company has also secured more than $295 million in public broadband grants and subsidies, aimed at bringing service to unserved and underserved areas. Brightspeed continues to pursue further public funding opportunities to maximize the reach and impact of its network.

“Our mission is clear — to deliver fast, reliable, future-proof fiber to as many customers as possible,” Combes said. “We’re building at scale, and we’re just getting started.”