
QuadSAT raises €2m in pre-series-A round led by Seraphim
Danish drone startup QuadSAT has raised €2m in a pre-series-A investment round led by space-technology investor Seraphim Capital.
Danish state fund Vaekstfonden and angel investor Helge Munk also took part in the round. The investment round follows a €900,000 seed round at the start of 2019 from the same investors.
The latest funding will allow the startup to accelerate product testing and expand its research and development activity in the UK.
QuadSAT specialises in testing and measuring satellite antennas using drone and radio-frequency (RF) technology.
It plans to raise a series-A round within a year.
Company
Founded in 2017 and based in Odense, QuadSAT is a developer of mobile antenna testing systems, which use RF and drone technology, and mathematical algorithms to perform antenna performance tests. According to its LinkedIn page, it employs 11-50 staff.
People
QuadSAT – Joakim Espeland (CEO, co-founder); Andrian Buchi (chief technology officer, co-founder).
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater