Lynx secures funding from Plymouth Management Company for Michigan Fiber Project
The fiber optic network project will connect communities throughout the Northern, Western, Eastern and Southern boundaries of Michigan’s Lower Peninsula, as well as Central and Mid Michigan, impacting 32 counties in all.
The goal of the project is to provide 1,500 miles of high-performance, lower-cost, fiber-based communications services (including internet access) to underserved and un-served areas throughout Michigan. Funding for this fiber optic network project will help Lynx network Group to attract and retain jobs for Michigan-based businesses that require advanced, high-speed communications to remain competitive.
Mark Horne, PMC’s Chief Executive Officer commented, “The management team at Lynx Network Group brings great vision and a track record of solid execution. PMC’s investment into Lynx will further expand their capabilities and significantly change the landscape of Michigan and its communities. The funding also provides the company with a strong financial foundation to support growth for years to come.”
Gregg Rutgers, Co-Founder of Lynx added, “We are excited to be in partnership with PMC for this expansion and growth stage. Their fund has demonstrated a real commitment to Michigan companies. We’re looking forward to adding their team’s exceptional business and industry expertise to our Board.”
Plymouth Management Company is the manager for Plymouth Venture Partners I and II. The company has four partners; Mark Horne, Ian Bund, Bob Savage, and Jeff Barry. They have offices in Ann Arbor, MI and Toledo, OH. www.plymouthvc.com