Sub10 Systems designs, develops and sells millimeter-wave wireless devices for high-speed data transfer across mobile networks to telecommunications companies and large network operators. Formed in 2010 by CEO Stuart Broome and based in Newton Abbot, Devon, the company employs 37 people. It exports 90% of its products, with the majority of sales to operators in Eastern Europe, Russia and Turkey and the remainder to the UK and Ireland. The company is forecast to deliver FY14 revenues of approximately £10m. Sub10 intends to use new capital to invest in R&D, recruit additional staff, and increase sales and marketing efforts.

Total raised

$4M

Funding rounds

1

Latest round

Equity

Latest activity

Nov 2013