Fastspeed secures capital investment for setting up shop.

Denmark Investments 31 January 2019
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Fastspeed, a Copenhagen, Denmark-based company providing telecom services, announced closing in an undisclosed amount of capital investment.

The money was raised from a range of select Danish investors, including Jysk Energi, Niels Breining, Freddie Fjelsted, Rasmus Helmich, Jørgen Bang-Jensen and Allan Jakobsen.

Fastspeed, founded in 2018 by CEO Jens Raith, Morten Boe Andersen and Peter Mægbæk, aims to provide high-quality broadband (fiber and coax) to Danish end users with a target of 20,000 users by end of 2020.