Ficomms Announced as Latest Portfolio Company
WNT Ventures are pleased to announce their investment into robotics company, Ficomms, which was founded and is led by Sean Rainthorpe, who has an extensive background in the telecommunications industry.
Ficomms specialise in designing and supplying state of the art technology, which will significantly improve the installation and operation of the Fibre to the Home (FTTH) networks.
Ficomms’ first products include the development of several handtools designed to improve the speed and quality of work during fibre installation. The handtools will provide the platform for completing the development of the full robotic solution, which will disrupt the way in which microduct jointing is performed globally. Longer term the company will develop a range of solutions to deliver value in this growing market.
WNT Ventures is excited to have Ficomms join the portfolio and look forward to being a part of their journey. Research shows that while FTTH has seen substantial growth in the last few years, it has still got a long way to go before reaching its peak potential. Ficomms is well placed to capitalise on this growth, and serves a strong underlying need which provides substantial cost savings and improved quality control to installation companies worldwide.
Ficomms is an integral addition to the portfolio and will be the final company to take investment capital from WNT Venture’s first fund, joining Mastaplex, Onesixone, Nyriad, Avertana, Helix ID and Mint Innovation.