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Transcelestial Enters Philippines Market With USD 2M Strategic Investment From ACTIVE Fund
Transcelestial, the company building the future of Superfast Global Internet Distribution, today announced that it has closed a strategic investment of USD 2 million from Kickstart Ventures under the Ayala Corporation Technology Innovation Venture (ACTIVE) Fund’s “The Frictionless Future” investment theme.
This is the first publicly announced investment by Kickstart Ventures from the recently announced USD 180 million ACTIVE Fund which is backed by Ayala Corporation, with several of its subsidiaries participating, namely AC Energy, AC Industrials, AC Ventures, BPI, and Kickstart’s parent company, Globe Telecom. The fund seeks to invest in Series A to D startups globally and has four investment themes focused on the future of transactions and transfers, work and human capital, resource allocation, and availability, and property, homes, and community life.
“The team at Kickstart have been fully aligned with our goals of solving the last mile and global bottlenecks in internet distribution. We could not have asked for a better partner to help us not only work with Globe in the Philippines but also advise us on bringing our current and future products to solve some of the challenges in the archipelago nation.”, said Rohit Jha, CEO of Transcelestial
“For the ACTIVE Fund and its stakeholders, “The Frictionless Future” is one with improved digital access to goods, services, and information. We’re proud to be publicly sharing an ACTIVE Fund investment for the first time, especially that it tackles improving internet distribution, an issue that is of heightened relevance to Filipinos. As more Filipinos become reliant on internet access for their livelihood and social connections, we’re hopeful that Transcelestial will help increase Internet penetration and provide telcos and ISPs with an affordable option for 5G deployment,” says Minette Navarrete, President of Kickstart Ventures.
Transcelestial aims to work with Philippine telcos among others to provide a solution to the daunting industry challenge of putting up cell sites. This is done through their proprietary device, CENTAURI, which is the size of a shoe-box, weighing less than 3kg, and is capable of delivering true fiber-like speeds to customers at fraction of the cost of traditional fiber.
CENTAURI, is a mass-produced network device that leverages their proprietary Wireless Laser Communication Technology to create a wireless distribution network between buildings, traditional cell towers, street-level poles, and other physical infrastructure. It unlocks fiber-equivalent high bandwidth between 4G/5G cell towers and the telecom core network which connects back to their data centers.
Through CENTAURI there are no delays caused by right of way issues and the built-in automatic alignment technology makes the deployment happen within minutes. There are no spectrum charges and no extra digging costs for laying fiber cables. As a result, telcos can get to 5G revenues faster by rolling out a transmission network with a reduced total cost and time of ownership as compared to fiber.
Transcelestial is building a space laser network to deliver a step-change in internet connectivity globally. This will be the fastest way to bring the rest of the world up on the bandwidth and connectivity curve. Right now, we are using the same technology on the ground as "wireless fiber optics" - with a much lower TCO than fiber for telcos and enterprises.
Transcelestial has won numerous industry and global awards such as SPIFFY San Andreas Award for Most Disruptive Technology by Telecom Council, Forbes 30 Under 30 to our CTO Dr. Mohammad Danesh, Edge 35 Under 35 to our CEO Rohit Jha, The Most Ambitious Start-Up in Photonics Award by The Optical Society (OSA), etc.
Founded in Dec 2016, the Transcelestial team is located in Singapore and is backed by major investors such as Wavemaker Partners, EDBI, Airbus Ventures, Cap Vista, SEEDS Capital (Enterprise SG), Entrepreneur First, Partech Ventures, 500 Startups, AirTree Ventures, Tekton Ventures, SGInnovate, SparkLabs Global Ventures, Michael Seibel (CEO of Y-Combinator, Founder of Twitch.tv), Charles Songhurst (Microsoft’s former Head of Corporate Strategy) and other investors.
For sales inquiries, please contact [email protected]
About Kickstart Ventures
Kickstart Ventures, a subsidiary of Globe Telecom, is a leading investment firm in the Philippines now managing a recently raised USD 180 million ACTIVE fund. The fund is backed by Ayala Corporation and its subsidiaries. Kickstart Ventures aims to support global companies and founders working on companies with the following themes - The Frictionless Future, From Automation to Augmentation, Smarter Living, and A World of Plenty.
For more information, visit https://www.kickstart.ph/