Linnaeus Capital invests £2m in fibre optic cables specialist
Follow-on round in m2fx set to deliver further networks of high speed broadband to businesses
The private equity fund Linnaeus Capital Partners B.V. has invested another £2m into the Suffolk-based optical fibre protection company, m2fx.
m2fx, which is best known for its patented fibre cable optimisation product Miniflex plans to use the funds to pursue further global expansion.
The company claims the finance will enable the business to further develop its customer base by enabling faster optimisation speeds for clients such as BT and AT&T.
Linnaeus’ investment follows m2fx’s recent announcement that its services have been used for 25,000 fibre to the premises (FTTP) installations in 52 countries, constituting 20 million metres of cable.
Anita Hamilton, managing partner of Linnaeus, said: “This new funding round will enable it to accelerate growth and help achieve its enormous potential.”
CEO of m2fx, Tom Carpenter commented: “This will enable us to take the company to the next level, exploiting this significant and growing market opportunity.”
Carpenter highlighted that in today’s climate “the need for ultra fast information is driving global demand for fibre optic networks across a wide range of industries.”