Bloc Ventures is a UK based venture capital investor specialising in European deep technology.
The funding round was led by IDC Ventures and Simon Eyers to support international expansion and product development.
"COVID-19 has made supply chain transparency and visibility absolutely crucial, not only in retail categories such as apparel, pharma and consumer goods, but in healthcare, government and other sectors as well,"
The University of Southampton spinout secured Series A backing from IQ Capital, Bloc Ventures, and the IP Group to scale its operations.
"From gaming and VR to automated robotic manufacturing lines and telemedicine, the use cases on the road to 5G appear almost limitless. But a critical roadblock remains – latency. For more than 15 years a research team led by Prof. Maunder, first at the University of Southampton and now at AccelerComm, has been working to solve the challenge to deliver on the 5G promise of a low latency, high throughput experience. We are delighted to have closed our Series A funding round, which will help us further develop and deploy our already market leading technology to help improve the efficiency of networks for many years to come."
Bloc Ventures leads a £2.7m Series A round alongside debt finance to accelerate quantum security hardware development.
"We are delighted to announce Bloc Ventures as our first institutional investor and look forward to working together during our next stage of growth."
Bloc Ventures led the £2.5m round to support global sales expansion and business scaling.
