Palisade Impact and Endeavour Asset Management have led a $20.5 million capital raise by next-generation telecommunications player GigaComm that promises to deliver internet speeds at least four times that of its incumbent rivals.

The telco start-up is building its own infrastructure utilising both optical fibre and fixed wireless technology, mmWave, and incorporating the latest advancement in copper-based broadband networks, GFast – also used by the NBN and TPG.