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BULLNET AND CAIXA CAPITAL TIC INVEST IN KDPOF.
KDPOF has closed a financing round with venture capital firms Bullnet Capital, through its second fund BC II, "la Caixa", through Caixa Capital TIC Fund, and the current partners.
The aim of this deal is to accelerate the growth of the company, whose mission is based on developing high-performance chips for the plastic optical fiber market. KDPOF is a Spanish company located in Madrid that aims to make this technology in industry standard.
The company is developing a solution to reach transmission speeds of 1 gigabyte per second over POF technology (Plastic Optical Fiber). The main competitive advantages of the company lies in the proprietary communication system for transmitting and receiving data at speeds of 1 gigabyte in a short-range (over 50 meters) or up to 100 megabytes per second over distances of over 150 meters over fiber plastic optic.
The technology developed by KDPOF is basically oriented to the automotive market, industrial and residential networks. The main advantage for them is the strength and security provided by KDPOF technology to information transmissions.
The global market for POF technology worldwide in 2009 was of $1,500 million and is estimated that grows up to $6,000 million in 2015.
Download free the 2011s1 Venture Capital in Spain report (Spanish language), with the main figures and details of 121 deals. Also free access to 2010 VC report (Spanish language).