QuadSAT, a company that is revolutionising test and measurement of satellite antennas, closed a €2 million Pre-Series A Investment, the largest venture investment in a Danish drone tech company in history.
The round was led by Seraphim Capital, the world’s first venture fund dedicated to SpaceTech, Vaekstfonden, the Danish state’s investment fund, and Angel Investor, Helge Munk.
The use of space is key to solving significant challenges faced in the world – from ensuring worldwide connectivity to providing data to solve environmental issues. As a multitude of sectors start looking toward space, the number of satellites in orbit will increase significantly in the next few years.
Andrian Buchi, CTO and co-founder, says: ”We see a high level of interest for our technology, not only in antenna measurements but also in other test solutions aimed specifically at higher frequencies and at the future mass deployment of mega-constellations.”
To ensure the best fit between QuadSAT’s solution and the industry requirements, the team is working closely with SOMAP, a consortium of the world’s biggest Satellite Operators.
Further, QuadSAT has recently completed contracts with the European Space Agency’s (ESA) program for supporting the development of advanced satcom products and services.
QuadSAT future plans
The investment round follows a seed round at the start of 2019. This pre-series A investment will accelerate product testing allowing QuadSAT to transition its current product, currently offered as a service, to be sold as a product for third party users.
This will also allow QuadSAT to expand its UK research and development activities.
QuadSAT plans to raise a Series A round within a year further expanding the revolution of antenna testing in the SATCOM industry.