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Xplore

Telecom · Markham, Canada · Founded 2004

Is rural broadband internet provider that allows Canadians in rural areas to have access to the internet MoreLess

Xplornet Communications Inc. is a leading provider of broadband solutions tailored to meet the unique needs of rural Canadian homes and businesses. Operating in the telecommunications market, Xplornet focuses on delivering high-speed internet services to areas often underserved by traditional providers. The company serves a diverse clientele, ranging from small and medium-sized enterprises to residential customers in urban, rural, and remote locations across Canada. Xplornet's business model revolves around offering fixed wireless and satellite internet services, ensuring reliable and continuous connectivity regardless of geographic challenges. Revenue is generated through subscription-based plans, providing customers with various options to suit their internet usage needs. The company is committed to continuous innovation, investing in network infrastructure to enhance speed, coverage, and reliability. Xplornet's mission is to make fast, affordable broadband services accessible to all Canadians, thereby bridging the digital divide and fostering economic growth in rural areas.

Keywords: broadband, rural connectivity, fixed wireless, satellite internet, high-speed internet, telecommunications, network infrastructure, subscription plans, digital divide, Canada.

Company overview

Xplore company information

The essential company record, classifications and operating signals in one place.

Status
Acquired
Founded
2004
Headquarters
Markham, Canada
Employees
1,039
Open positions
None listed
Dealroom signal
26.0
Investment activity
5 companies · latest Sep 2021
Capital deployed
Preferred round
ACQUISITION
sectorAccountingsectorHostingsectorInvoicingsectorOutside TechindustryTelecomclient focusb2c

Valuation & funding

Xplore funding history

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
DEBTDebt Oct 2024 $367M Canada Infrastructure Bank
GRANTOther financing Oct 2024 $367M Innovation, Science and Economic Development Canada
GROWTH EQUITY NON VCOther financing Oct 2024 $440M Stonepeak Infrastructure Partners
GRANTOther financing Feb 2022 $1.8M Undisclosed
GRANTOther financing May 2021 $3.8M Government of Quebec
BUYOUTOther financing Feb 2020 Stonepeak Infrastructure Partners
EARLY VCOther financing Dec 2016 Undisclosed
LATE VCOther financing Dec 2010 Undisclosed
EARLY VCOther financing Dec 2010 Catalyst Investors
EARLY VCOther financing Jan 2010 Undisclosed
Showing 10 recorded eventsUnlock the complete deal history →

Growth signals

Xplore website traffic

Latest recorded traffic for Xplore is 120K monthly website visits, up 50% over the last three months. Xplore's team grew 0.6% over the past year.

Latest monthly visits120K 3-month web change+50% 1-year team growth+0.6%
Monthly website visits110 observations · Oct 2014–Sep 2024
Hover or focus a point to see its exact monthly valueCompare with peers →

Comparisons

Xplore compared with similar companies

Dealroom’s weighted taxonomy model identifies the closest operating peers. Company identity and context stay open; selected comparison metrics preview what is available in the platform.

Showing 8 of the closest matchesCompare every metric →

Talent graph

Xplore's talent

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Team profiled 3 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Investors

5 investors on Xplore's cap table

Sourced from Dealroom's funding and investor records.

Seed 2 investors entered at this stage
Government of Quebec
Innovation, Science and Economic Development Canada
Series A 1 investor entered at this stage
Catalyst Investors
Series B+ 2 investors entered at this stage
Stonepeak Infrastructure Partners
Canada Infrastructure Bank

Global footprint

Where Xplore has talent and traffic

Workforce by country
3 countries with
team presence
🇨🇦 Canada98.9%
🇺🇸 United States0.8%
🇬🇧 United Kingdom0.1%
3 countries shown

In the news

Latest news about Xplore

Recent press, funding announcements, and product moves mentioning Xplore — open to read from the original sources.

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Market sentiment

What the market is saying about Xplore

An AI-synthesized read of the highest-engagement posts about Xplore on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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