Pär is a partner at Swisscom and holds board seats at Aylight, Spacetek Technology AG, AccelerComm Ltd, Billogram, and CREAL. He also serves as a board observer at UNISERS.
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."
Parkwalk led the Series B financing round to support the company in scaling its connectivity technology globally.
"From LEO satellite to terrestrial 5G deployments, the challenges of how to maximize 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."
The financing round was led by AXA Venture Partners with participation from Swisscom Ventures, Investiere and VentureFounders.
"This is great news for us as we continue to thrive. This funding round marks the continued recognition of the strength of our team as we are now one of the biggest go-to-market data providers in Europe."