Tech Company Financing Transactions
FocalPoint Funding Round
Molten Ventures and Gresham House participated in a $17 million Series C venture round for FocalPoint. The round closed on 9/8/2022.
Transaction Overview
Company Name
Announced On
9/8/2022
Transaction Type
Venture Equity
Amount
$17,000,000
Round
Series C
Investors
Molten Ventures (Lead Investor) (David Cummings)
Gresham House (Ramsey Faragher)
Proceeds Purpose
A round of funding to continue building out its tech -- which today works up to 4G and will in future also work with 5G and Wi-Fi -- and to roll out the first commercial deployments of its system with early customers. Use cases for the tech include more accurate location for smartphone apps for navigation or location tracking to help companies with their navigation services and for better GPS security overall.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
1-3 Chesterton Mill French's Road
Cambridge England, CB4 3NP
UK
Cambridge England, CB4 3NP
UK
Phone
Undisclosed
Email Address
Overview
We believe that GNSS is one of the marvels of the modern world. Over a trillion dollars of the US economy and over 800 billion euros of the European economy currently depends on this incredible positioning and timing system. However, the sensitivity and accuracy of current receivers fail the levels of performance 21st century businesses and individuals demand. Our revolutionary technologies transform the capability of all GNSS devices.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Ramsey Faragher
Chief Financial Officer
Martin Stephenson
Chief Operating Officer
Darren Buckle
Co-Founder
Scott Pomerantz
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Where The Data Comes From
We do our best to report on funding rounds that are announced publicly. VC investment data records reported here are derived from publicly available VC deal announcements. The information is sourced from VentureDeal.com, an affiliated venture.
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