Lee serves as partner for deeptech at IP Group and holds non-executive directorships across several technology companies. He previously spent seven years as an investment director at the firm.
Jon brings software investment experience as a partner at IP Group. He also holds non-executive director roles at glass.ai and previously at Garrison, Import.io, and Re:infer.
Mark brings venture capital and portfolio oversight experience from his long tenure at IP Group. He also holds non-executive directorships at Navenio and WaveOptics.
The funding round was led by IW Capital with support from existing investors IP Group and Mercia Ventures.
"Electrosurgical tools have transformed modern surgery but also generate surgical smoke that affects the quality and efficiency of surgery and poses risks to operating theatre staff. For years, available solutions have required trade-offs between effectiveness and workflow disruption, slowing adoption across the industry. As awareness grows that smoke management is integral to surgical safety and efficiency, solutions that tackle smoke at its source are becoming increasingly important for supporting the next generation of minimally invasive and robotic procedures."
The financing round was led by IP Group with backing from IQ Capital, Swisscom Ventures and Bloc Ventures to fund product development and deployments.
"There is growing momentum in the mobile communications industry towards using 5G enabled satellites to augment existing coverage and capacity delivered by terrestrial networksAccelerComm’s unique technology and acumen position us at the centre of this shift, delivering a critical building block required to provide best in class 5G services from space. I’m delighted to be joining the company at such an exciting time as it launches a world-first solution, and with further ground-breaking innovations and launches around the corner. The recent announcement of our 5G NTN solution has led to great interest from mobile operators and satellite networks from around the world."
The oversubscribed round was anchored by IP Group, Parkwalk Advisors, and AlbionVC.
"There is a massive market opportunity for start-ups that figure out how to harness the potential of AI to transform how software gets built, tested, and deployed. Our investment in the company reflects our belief in its potential to be an important player in the next generation of AI-powered software development tools."
