Genesis attracts new investment funding from Harwell Capital

COVENTRY, UK: Coventry-based Genesis Technical Systems, a provider of superfast broadband over copper, has attracted over £1.2 million ($2 million CDN) investment from venture capital firm Harwell Capital. Harwell invests in companies developing technology solutions for everyday business and consumer challenges.

Genesis, whose team is quickly becoming known as the ‘Copper Revolutionists,' was selected by Harwell Capital for investment, in recognition of the potential of the ground-breaking broadband technologies it is currently developing.

New investment will enable Genesis to bring mBond and DSL Rings to market. mBond, which has delivered over 100 Mb/s over 1 mile in Telco field trials, is for mobile operators wanting to rapidly supercharge their existing backhaul. DSL Rings, capable of delivering up to 400 Mb/s fixed line broadband, is for fixed line operators wanting a cost-effective technology to deliver superfast broadband at a fraction of the cost of other solutions.