Investments
20Portfolio Exits
1Funds
1Latest Bloc Ventures News
May 22, 2023
AccelerComm, a company with IP which optimises 5G radio access network performance, announced that it has closed [£21.5 million (€24.74 million)] in series B funding from Parkwalk, Swisscom and Hostplus together with participation from existing investors Bloc Ventures, IP Group and IQ Capital. The funding will be used to continue to expand the current team, drive US and global expansion, and develop the technology further as demand for the company’s IP grows among mobile operators, telecoms equipment vendors and satellite operators. AccelerComm’s 5G channel coding IP is used to correct mobile transmission errors caused by noise, interference and poor signal strength. This technology is highly configurable and can be optimised for the specific needs of both terrestrial and satellite communications to provide performance and efficiency. The company’s product suite includes a channel coding IP solution that delivers reduced latency and power consumption for 5G radio baseband processing, and LEOPhy – a complete layer 1 modem that incorporates this technology for low-earth orbit 5G satellite communications. Founded by professor Rob Maunder at the University of Southampton in 2016, AccelerComm has established itself as a provider in the field of channel coding, also known as forward error correction, and is already working with Vodafone, Intel, AMD and National Instruments. Tom Cronk, CEO of AccelerComm, says “From LEO satellite to terrestrial 5G deployments, the challenges of how to maximise the performance of the network, and in particular efficient use of energy and radio spectrum, are universal. Over the past few years, AccelerComm has continually demonstrated its position at the forefront of this technology, working with mobile operators, telecoms equipment vendors and the satellite industry to help supercharge communications. We’re thrilled to receive this backing from a range of industry-leading investors combined with the continued backing ongoing support of our existing shareholders and look forward to the company’s continued rapid growth and innovative development.” John Pearson, investment director at Parkwalk, says “We are delighted to support AccelerComm’s latest funding round, helping this UK-based company scale up and deliver exceptional connectivity to people and businesses around the world. This level of funding will help the company realise its commercial potential, promising a step-change moment in the development and capability of 5G satellite technology. We look forward to seeing this unique and promising company take its operations to new heights.” Pär Lange, partner at Swisscom Ventures, says “With our investment in AccelerComm, we are excited to support a company that leads the way in significantly increasing the performance of wireless communication systems. Its unique innovations around L1 channel coding for high performance networks is producing higher throughput, lower power consumption and more platform agility, features which we believe will unlock the full potential of 5G.” Comment on this article below or via Twitter: @VanillaPlus OR @jcvplus Posted on:
Bloc Ventures Investments
20 Investments
Bloc Ventures has made 20 investments. Their latest investment was in AccelerComm as part of their Series B on May 11, 2023.
Bloc Ventures Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
5/11/2023 | Series B | AccelerComm | $27.03M | No | 2 | |
5/12/2022 | Series A | Pharrowtech | $15.61M | No | 8 | |
12/17/2021 | Seed VC | Helix Geospace | $3.52M | Yes | UKI2S Innovate Accelerator, and Undisclosed Investors | 3 |
11/22/2021 | Series A | |||||
2/22/2021 | Series A |
Date | 5/11/2023 | 5/12/2022 | 12/17/2021 | 11/22/2021 | 2/22/2021 |
|---|---|---|---|---|---|
Round | Series B | Series A | Seed VC | Series A | Series A |
Company | AccelerComm | Pharrowtech | Helix Geospace | ||
Amount | $27.03M | $15.61M | $3.52M | ||
New? | No | No | Yes | ||
Co-Investors | UKI2S Innovate Accelerator, and Undisclosed Investors | ||||
Sources | 2 | 8 | 3 |
Bloc Ventures Portfolio Exits
1 Portfolio Exit
Bloc Ventures has 1 portfolio exit. Their latest portfolio exit was EVRYTHNG on November 15, 2021.
Bloc Ventures Fund History
1 Fund History
Bloc Ventures has 1 fund, including Bloc Ventures I.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
Bloc Ventures I | Multi-Stage Venture Capital | Open | 1 |
Closing Date | |
|---|---|
Fund | Bloc Ventures I |
Fund Type | Multi-Stage Venture Capital |
Status | Open |
Amount | |
Sources | 1 |
Bloc Ventures Team
4 Team Members
Bloc Ventures has 4 team members, including current Founder, Chief Executive Officer, Bruce Beckloff.
Compare Bloc Ventures to Competitors
Silver Lake operates as a private equity firm. It partners with management teams to invest in, build, and grow companies across various sectors such as enterprise software, health and learning, internet and eCommerce, travel technology, real estate technology, content and entertainment, and financial technology. It primarily sells to sectors including the eCommerce industry, real estate tech industry, and cloud computing industry. It was founded in 1999 and is based in Menlo Park, California.
Pipeline Capital operates as a technology-driven investment and merger & acquisition advisory firm operating in the capital investment sector. The company specializes in facilitating mergers and acquisitions, venture capital funding, and crowd equity financing, with a focus on technology-driven businesses. Pipeline Capital also offers services such as cross-border business expansion, business ecosystem mapping, and corporate culture advisory to support companies in their growth and transformation journeys. It was founded in 2012 and is based in Sao Paulo, Brazil.
SixPoint Capital Management specializes in providing hybrid capital financing solutions within the financial technology sector. Their services focus on supporting loan portfolio growth in emerging and frontier markets, utilizing a blend of equity and debt characteristics. SixPoint Capital Management leverages a proprietary data analytics platform to inform their underwriting and risk management, while also offering expertise in transaction structuring and strategic support post-funding. It was founded in 2023 and is based in Dallas, Texas.
Swanlaab USA Ventures is a venture capital firm focused on investing in technologies within the series A and B financing stages. The firm specializes in B2B technology and software investments, leveraging a strategy that emphasizes sustainable competitive advantages and impact investment. Swanlaab USA Ventures primarily targets the technology sector, with a particular focus on healthcare, information technology, and internet-based businesses. It was founded in 2021 and is based in Wilmington, Delaware.
Oxford Science Enterprises is an investment company with a focus on commercializing academic research in the sectors of deep tech, life sciences, and health tech. The company provides early-stage funding and long-term investment to transform novel research from the University of Oxford into successful businesses, supporting them from inception to exit. Oxford Science Enterprises primarily serves sectors that involve the commercialization of research, such as the deep tech, life sciences, and health tech industries. Oxford Science Enterprises was formerly known as Oxford Sciences Innovation. It was founded in 2015 and is based in Oxford, England.
Sky Startup Investments & Partnerships operates as a venture capital firm, focusing on funding and collaborating with early-stage startups. The company provides financial backing, strategic guidance, and networking opportunities to new businesses in various industries. It aims to support entrepreneurial endeavors and foster innovation by identifying and nurturing emerging companies with growth potential. Through their investments and partnerships, they seek to contribute to the success and expansion of innovative ventures while generating returns for their investors. It was founded in 1995 and is based in Isleworth, United Kingdom.
Loading...