Connexin, a Hull, UK-based metropolitan Wi-Fi company, secured up to a £10m investment.
The round was led by Digital Alpha Advisors.
The company intends to use the funds to build a technology campus, which will include a data centre and new headquarters, and to build out the team, with plans for 100 new jobs at its Hull headquarters and 10 new jobs at its office in London, ranging from apprentices to product managers.
Founded in 2006 and led by CEO Furqan Alamgir, Connexin uses next generation wireless, Fibre Optic and software applications to bring connectivity and services to residential, business and enterprise customers worldwide.
The company, which has already built multiple carrier grade metropolitan networks in the UK, is scaling up its work with local authorities to provide Wi-Fi as a public service and for connected devices such as road sensors, energy, and security systems.
FinSMEs
16/10/2017