What is Lynq?
Lynq Networks specializes in delivering infrastructure-free, long-range, and secure network connectivity solutions. Their technology empowers OEMs to establish large-scale networks of connected devices, thereby enhancing operational efficiency and reducing costs for enterprises across various sectors. Lynq's offerings serve as a crucial bridge between existing wireless technologies like Bluetooth and 5G, addressing the critical scalability and range requirements for industries including construction, agriculture, military, and public safety. The company is dedicated to providing straightforward, dependable, and secure connectivity to unlock the full potential of the Internet of Things (IoT).
How much funding has Lynq raised?
Lynq has raised a total of $10.7M across 6 funding rounds:
Other Financing Round
$240K
Other Financing Round
$2.3M
Angel/Seed
$1.9M
Other Financing Round
$100K
Angel/Seed
$6M
Debt
$150K
Other Financing Round (2015): $240K with participation from Richard Smullen
Other Financing Round (2017): $2.3M led by ARC Angel Fund, Brand New Matter, Plus Eight Equity Fund LP, and Angel Investor Forum
Angel/Seed (2017): $1.9M supported by Angel Investor Forum, Plus Eight Equity Partners, and ARC Angel Fund
Other Financing Round (2018): $100K featuring Techstars
Angel/Seed (2020): $6M backed by Sony Innovation Fund, Chetrit Ventures, ff Venture Capital, and Equity Plus Partners
Debt (2020): $150K with participation from PPP
Key Investors in Lynq
Sony Innovation Fund
Sony Innovation Fund is dedicated to engaging with innovative stage startups to help fuel the development of disruptive technologies and launch new businesses. They provide startups access to Sony's global network and offer advisory services to foster growth and collaboration.
ff Venture Capital
ff Venture Capital is a venture capital firm focused on investing in emerging industries such as AI, Manufacturing, Energy, Robotics, and Security. They actively collaborate with founders to develop companies with significant market and societal impact.
ARC Angel Fund
ARC Angel Fund is an early-stage venture capital fund focused on investing in high-growth tech businesses, primarily in the NYC area and surrounding regions. They invest in seed- and early-stage companies across various sectors, including software, healthcare IT, and digital media.
What's next for Lynq?
The recent major strategic investment in Lynq signals a strong validation of its technology and market strategy. This capital infusion is expected to fuel further innovation in its core connectivity solutions, potentially enabling Lynq to expand its reach into new markets and applications. The company's focus on bridging the gap between short-range and wide-area network technologies positions it to capitalize on the growing demand for robust IoT infrastructure. Future developments may include enhanced security features, expanded device compatibility, and strategic partnerships to accelerate adoption across its target industries, further solidifying its role in the evolving landscape of connected devices.
See full Lynq company page
