Almi in SEK 7m round for InCoax

The investment was made as part of a share issuance, which saw existing and new investors participate. It is intended to drive expansion in the Nordic region and in Europe.

Previous funding
InCoax previously held a SEK 6m round, which included Almi Invest and 15 retail investors.

Company
InCoax Networks, founded in 2009, provides a solution for delivering broadband and IP television over coaxial cables. The product reduces the cost of providing broadband access to multiple occupancy buildings where a coaxial cable infrastructure is already in place to distribute cable television. The company is based in Gävle, Sweden, and employs around 10 staff.

People
Investment manager Isabelle Waldenström is responsible for the investment at Almi Invest. Thomas Svensson is managing director of InCoax.

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• Topics
• Nordics
• Expansion
• Technology
• Sweden
• Almi Invest