Pharrowtech BV

Pharrowtech BV is a technology company specializing in mmWave radio frequency solutions, delivering integrated products for next-generation wireless applications, including broadband connectivity and smart city infrastructure. Founded in 2019, Pharrowtech BV is based in Leuven, Belgium, where it focuses on mmWave radio frequency technology. The company has secured funding through two deals, with the most recent investment of EUR 15 million from a Series A round led by Innovation Industries, involving notable investors such as Bloc Ventures and Imec. xpand.

CEO Wim Van Thillo, along with co-founders Khaled Khalaf and Qixian Shi, bring a wealth of experience to the company's operations, having established a foundation for growth in the evolving wireless technology sector. Pharrowtech specializes in the design and development of mmWave radio frequency (RF) technology, focusing on integrated solutions for next-generation wireless applications. Their core product offerings include the PTR1060, the world's first IEEE 802. 11ay-compliant fully integrated CMOS beamforming transceiver chip, and the PTM1060 phased array antenna module that complements the PTR1060.

These products operate within the 57 to 71 GHz frequency range, enabling high-speed connectivity and low-latency communication essential for applications such as broadband 5G Fixed Wireless Access (FWA), consumer electronics like virtual reality headsets and high-resolution TVs, as well as smart city infrastructure. The products are targeted at original equipment manufacturers (OEMs) and original design manufacturers (ODMs) worldwide, with markets including North America, Europe, and Asia, where the demand for gigabit services continues to expand. Pharrowtech generates revenue through direct sales of its mmWave technology products, primarily to OEMs and ODMs who incorporate these solutions into their end-user devices. The transaction structure typically involves B2B sales agreements where manufacturers purchase the PTR1060 and PTM1060 components, potentially bundled with Renesas’ RWM6050 or RWM6051 baseband processors for complete 60GHz solutions.

Revenue streams are driven by the demand for advanced wireless technologies, particularly as markets for smart city applications and high-performance consumer electronics continue to grow. The company reported an EBITDA of EUR -18,234,106. 50 for the most recent year in 2023. Following their most recent funding round in May 2022, which raised EUR 15 million, Pharrowtech plans to enhance customer service and expand its offices within the United States to reach a broader customer base.

The funding will support the hiring of new staff and strategic initiatives to grow in targeted markets. The company is focused on developing new products to meet the increasing demand for high-speed connectivity solutions, aiming to capitalize on the projected EUR 2 billion RF market for FWA by 2028 and the anticipated EUR 30 billion Wi-Fi chipset market by 2027.