m2fx, the inventors and producers of a range of patented Miniflex fibre cables, has raised GBP2m in a funding round led by existing investor Linnaeus Capital Partner. The new investment will be used to accelerate the company’s worldwide sales and further expand its customer base, particularly in the Fibre to the Premises (FTTP) market.
The growing global rollout of FTTP networks to deliver high speed broadband to consumers and businesses is providing opportunities for m2fx. Its Miniflex range of fibre cable, microduct and protection tube products are ideal for the last 200 metres of fibre installations, dramatically reducing installation time and costs through patented pushable technology. This delivers installation savings of up to 50 per cent in developed markets, enabling operators to deploy networks more cost-effectively than through traditional methods.
“Our technology delivers competitive advantage to organisations where it matters – bringing down the cost of installing vital fibre optic networks through our tough, light, ultra flexible design,” says Joe Byrne, chief financial officer, m2fx. “This additional investment from Linnaeus Capital demonstrates its commitment to m2fx and belief in our strengths. We can now expand our sales efforts across the globe and provide the benefits of our Miniflex products to companies across even more countries and markets.”
“At Linnaeus we focus on companies with unique technology, high growth potential and experienced management teams,” says Anita Hamilton, managing partner of Linnaeus Capital Partners. “m2fx meets all these criteria, and since our initial investment in 2010 we’ve seen the company and its market expand. This new funding round will enable it to accelerate growth and help achieve its enormous potential.”
As well as broadband telecoms, m2fx also has a substantial presence in the data centre, automotive and high technology aerospace/defence markets. It was recently selected for the European Space Agency’s ExoMars 2018 mission, where it will protect fibre optic components within the MOMA instrument. Part of the payload of the ExoMars rover, this will analyse samples on the Martian surface, investigating the possibility of life on the planet.
