InCoax Network Europe Raises SEK7M in Funding

InCoax Network Europe AB, a Gävle, Sweden-based company that develops, markets and sells solutions for broadband access over the coax infrastructure existing in every MDU (Multi-Dwelling Units), block of flats, terraced fields, hotels and holiday villages in Sweden and Europe, has raised SEK7m in funding.

Backers include Almi Invest and Norrlandsfonden.

The company intends to use the funding to expand in the Nordic countries and in the rest of Europe.

Founded by Getitsafe Security Partner in Nordic AB, Helge Tiainen and Karl Björk, InCoax has research and development in Gävle, Sweden, in close cooperation with the university, and sales offices in Stockholm, Sweden, and in Jyväskylä, Finland.



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