Following a 12 month gestation period when the majority of the planning was completed, 8el was founded in November 1999 and officially began trading in February 2000.
To date, the company has successfully completed 4 investment rounds, each at a higher valuation and has been entirely funded by over 100 private investors.
8el has achieved rapid organic growth since 1999 and is now moving into a position of continuous profitability, with the business plan fully funded.
With no external debt apart from a private Convertible Bond, the company is ideally positioned to accelerate its expansion into the UK mid-corporate sector with its voice and data services.
For further information on the company's financial and funding structure, please contact the Financial Director, Martin Gray.
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