Jenson Seed EIS Fund 1 & EIS Funds have completed successful exits from Voneus Broadband.

Jenson initially invested via its first SEIS Fund in 2013 and invested over £420,000 via the EIS Funds across various tranches every year between 2015 and 2019. The follow-on rounds enabled syndicated investment from co-investors to enhance growth with a further £2.5 million raised.

Voneus started out as Dice Networks providing a VOIP solution and soon pivoted to become a rural broadband provider.

The growth of Voneus has not just seen a significant amount of funds raised but has seen growth in its customer base and employees from the initial three Founders to employing over 80 people with further expansion plans for 2021.

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