UK fiber broadband firm Hyperoptic has secured £150 million ($192m) from the UK Infrastructure Bank (UKIB) to further ramp up its full fiber network rollout.

This latest funding takes the amount raised this year to £255m ($326m), and the total to £1.1 billion ($1.41bn).

– Hyperoptic

Hyperoptic has passed more than 1.73 million homes with its fiber broadband rollout, and has 340,000 customers across the UK.

The company has previously outlined plans to connect two million homes and reach 500,000 customers.

"We’re acutely aware of the government’s target to achieve 99 percent gigabit-capable broadband coverage by 2030 and, as an industry, we still have some way to go to achieve it," said Dana Tobak CBE, CEO and co-founder at Hyperoptic.

"We welcome the support of the UK Infrastructure Bank, together with other investors, enabling us to continue delivering award-winning gigabit-capable broadband to more people across the UK every day.”

Founded in 2011, Hyperoptic's network currently spans 64 towns and cities.

“Reliable Internet connectivity is increasingly important to participate in the modern economy and drive forward the UK’s net zero and regional growth ambitions," added Ian Brown, head of banking & investments at UKIB.

"Our investment in Hyperoptic will ensure that the scale and pace of the full fiber rollout is sustained, specifically in those areas where it’s needed the most, opening up opportunity for numerous communities across the UK."

The firm, which is backed by KKR, employs around 2,000 people in the UK. Last year it laid off five percent of its workforce.