GoHub Ventures Invests €450K in Fivecomm, the Valencian Startup of 5G Technology Applied to the Industry

GoHub Ventures, the venture capital fund associated to the Global Omnium group, has announced the investment of 450,000 euros in the valencian startup Fivecomm.

Fivecomm is specialized in 5G technology applied to the industrial sector. To realize 5G use cases in industries, Fivecomm integrates hardware and software applying its solution for mobile robotics, extreme connectivity in industrial environments, the connected car, and remote broadcast and production of multimedia content.

The Valencian startup is promoted by the leading experts in 5G networks in the Valencian Community, it has in its advisory team the researchers Narcis Cardona, José F. Monserrat, and David Gómez Barquero and incorporates talent in software engineering, telecommunications, and multimedia with the objective to transform that experience and talent into 5G technology.

GoHub Ventures’ entry into Fivecomm can accelerate the introduction of its 5G product in the industrial sector, the company’s professional team and scale the product in new international markets. On the other hand, being part of the GoHub Ventures ecosystem will facilitate collaboration in multidisciplinary projects with companies in the Global Omnium group, in any application area where 5G is the communications engine.

Narcís Cardona, Co-founder of Fivecomm: “The 5th generation of mobile networks will not only change our smartphones but will revolutionize communications in the industry, and with them all production, logistics, and mobility processes. We want to make 5G use cases a reality in the industry and we have a great opportunity to develop 5G applications as soon as possible and incorporate them into our industrial sector, making it more competitive and leading it to implement this technology in Europe. I believe that Fivecomm is going to establish the necessary bridge between the high level of 5G knowledge that we accumulate in the Valencian Community and its practical application in companies”.

Jaime Barba, Board Member of GoHub Ventures and CEO at Idrica: “The 5G technology market is beginning to move forward and we want to be close through the investments we make from GoHub Ventures. With 5G, a new market of opportunities opens up and Fivecomm is a strategic bet to develop new businesses”.

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