Via Ventures invests in Radiocomp

Investment

Radiocomp ApS, a provider of WiMAX radio infrastructure systems has secured DKK 16 million from Nordic technology venture capital firm Via Venture Partners. In return Via Venture Partners has become a minority shareholder of Radiocomp.

The money will allow Radiocomp to speed up product and systems development projects and step up marketing. The company aims to win a share of the growing market for remote radio heads and components. The demand for WiMAX remote radio heads in particular is expected to grow significantly in 2008–2009.

“The mobile industry is facing a paradigm shift in the way networks will be designed and deployed. Radiocomp’s remote radio head products address a global market expected to grow to more than a billion dollars in 2010, and we intend to take a significant share of this,” said Thomas Noergaard CEO of Radiocomp.

In the short term Radiocomp intends to strengthen and expand its knowledge base and workforce in the areas of sales, software development, marketing, production, and supply chain management.

Radiocomp has already announced its first WiMAX radio head product and is working closely with industry-leading technology suppliers and mobile network solution providers for the delivery of systems and components for distributed base station systems. The company is headquartered north of Copenhagen in the city of Hillerød.