Cresco acted as lead counsel in the formation of Pharrowtech and its subsequent €6M+ Seed Investment round with imec.xpand, Bloc Ventures and KBC Focus Fund.
Pharrowtech has been spun out of imec, the world-leading research and innovation hub in nanoelectronics and digital technologies, where the team led IP generation and prototype development in wireless sub-systems encompassing all analog and RF circuits as well as phased-array antennas and related electronic components.
The investment round led by imec.xpand and Bloc Ventures with participation from imec and KBC, will allow Pharrowtech to further enhance the leading-edge capabilities of its products and prepare for high-volume production ramp- up aimed at Fixed Wireless Access, 5G, AR/VR and other bandwidth demanding wireless applications.
David Dessers and Olivier Van Raemdonck led the Cresco team that advised Pharrowtech in this transaction.
More information on this transaction can be found in De Tijd.
For any further information or questions, please contact David Dessers or Olivier Van Raemdonck.