1 million to automate the internet of the future

Challenge:

GigaCom has been working on this for several years high-tech product and wants to fully seize the momentum. The fiber network will be rolled out extensively in the coming years, not only in Belgium, but also in neighboring countries. Robotics is also becoming cheaper. The moment is now, but because this automation is unprecedented, is still in the production phase and there are no confirmed sales yet, finding an investment partner is a challenge in the short term.

Approach:

A comprehensive and well-prepared file is already on the table at GigaCom, but it needs to be reviewed. The Harbour continues with a fresh look and models the financial plan much more realistically. Storytelling is also a challenge. The high-tech subject matter must be presented clearly and clearly, so that potential investors are immediately involved in this story.

Then it will be very focused the right strategic financing partner wanted. Given its high-tech nature and the very specific market in which GigaCom is located, we are looking at whether there are relevant corporate venturing parties in the network that can have added value.

The Harbour goes straight to its goal with a solid, tailor-made file. Amadys is the market leader in supplying telecom equipment, has been working with GigaCom for some time and strongly believes in its added value. Through a flexible credit line Amadys provides GigaCom with the necessary financial strength to scale up sales and production. In addition, Amadys will be the exclusive distributor for the Gigacom robot. So no capital increase, but a subordinated loan with a longer term, linked to certain milestones. In this way, the current shareholders retain full control, but the cooperation is further strengthened.

Result:

The world seems ready to automate the fiber network and GigaCom is also ready for the world. Various pilot projects have started and a number of robots are in a test phase. The focus is now on the first orders and productions in Belgium and Germany. The next step is to upscale the production of the robot itself and the mechatronics.