ANTENNEX funding news – Eindhoven-based ANTENNEX Secures €1.5Million in Seed Funding
Oct 31, 2024 | By Kailee Rainse
Antennex an innovator in antenna measurement solutions secures €1.5million in seed funding from Value Creation Capital (VCC) and Brabantse Ontwikkelings Maatschappij (BOM). This investment will accelerate it’s commercial expansion and strengthen its ambition to revolutionize the antenna testing and measurement landscape.
SUMMARY
- Antennex an innovator in antenna measurement solutions secures €1.5million in seed funding.
- ANTENNEX develops solutions for measuring next-generation integrated antennas.
Specialisation of the company
It specializes in advanced compact measurement systems leveraging reverberation-chamber technology for next-generation wireless applications such as in telecom, automotive, and aerospace and defense. By combining proprietary hardware with smart algorithms, it simplifies traditionally complex and time-consuming measurements, delivering faster results with exceptional accuracy.
Founded in 2023 as a spinoff from the Eindhoven University of Technology (TU/e) – a prominent institution in antenna research – Antennex has translated years of academic research into a commercial product.
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Following its recent market launch, the Wireless Connector™ is already used by notable customers and with the new funding, it aims to further enhance its product offerings and scale operations to meet growing demand.
Anouk Hubrechsen, CEO of Antennex: “This investment allows us to expand our operational and commercial activities for customers worldwide. VCC and BOM bring an enormous added value in developing our company because of their backgrounds in the RF and test and measurement domains. We are happy to welcome them as a shareholder in our company.”
Remie Bastiaansen, Investment Manager at BOM: “The transition to having more antennas integrated in devices will revolutionize various industries by enabling faster more reliable and more extensive wireless communication and sensing capabilities. Antennex is at the forefront of this transition providing essential testing solutions that will facilitate the deployment and adoption of these advanced wireless technologies. BOM is excited to collaborate with VCC in offering both business development support and a new investment to the company.”
Ronald Wissink, Managing Partner at VCC: “We are happy to welcome Antennex to our Deep Tech portfolio. With their new technology, Antennex is able to measure antennas with high accuracy and speed. Providing faster time to market and high product quality for critical devices and infrastructure in various markets, like telecom, automotive, defence and aerospace. Value Creation Capital will support their international ambition and growth of their partner network for serving industry leaders.”
About ANTENNEX
ANTENNEX develops solutions for measuring next-generation integrated antennas. Use their wireless connector to validate RFIC and antenna performance over-the-air at millimeter wave frequencies.