ESB Novusmodus, the cleantech and renewable energy fund, has invested €3m in Intune Networks, the Dublin-based developer of laser technology for the telecoms industry.

DUBLIN-based telecommunication equipment supplier Intune Networks has secured €22 million in funding from a diverse range of backers including financier Dermot Desmond, Enterprise Ireland and venture capital firm Kernel Capital.

Financier Dermot Desmond and venture firm Kernel Capital are among investors to have pumped €22m into Dublin-based telecoms equipment supplier Intune Networks, it was announced today.