QuadSAT ApS, a Denmark-based company that supplies airborne antenna testing solutions to make satellites more efficient, has secured €9 million in funding.
The round was led by London-based VC IQ capital and was also supported by current investors, including the space tech fund, Seraphim Space (that also backed Leanspace), Danish state Vækstfonden, and angel investors Torben Frigaard Rasmussen and Helge Munk.
With the fresh funding, QuadSAT aims to scale up its operations, expand its product range and bring its technology to more customers in the market.
Joakim Espeland, CEO of QuadSAT, says, “This is a significant milestone for our company, and we are excited to be able to expand our global reach. With this funding, we will be able to optimise the use of global radio spectrum by providing our customers unparalleled testing capabilities, ultimately ensuring better performance of satellite networks.”
Optimises world’s radio spectrum
Founded by Andrian Buchi and Joakim Espeland, QuadSAT optimises the world’s radio spectrum with its system for test and verification of radio frequency equipment.
The technology is fully automated, flexible, and location independent capable of scaling and transforming how antennas are tested.
QuadSAT’s system consists of a drone technology that integrates with a custom RF payload as well as automation and measurement software. Further, the Danish company has already worked with leading satellite companies, including OneWeb, SES, and the European Space Agency.
QuadSAT’s unique testing solution provides a cost-effective, scalable, and precise way to test antennas and satellite systems in operation, and anywhere in the world.
Daniel Carew, Investment Principle from IQ Capital, commented: “The satcoms industry is growing at a fantastic rate. In the not-too-distant future, almost everything will be connected via satellite. With that growth will come an urgent need to ensure efficient RF connectivity and spectrum utilisation. QuadSAT’s technology is already making an impact with several leading players. This company has massive potential for the future, and we are excited to be a part of the next stage of growth.”
Torben Frigaard Rasmussen, Chairman of the Board, QuadSAT: “Having worked with QuadSAT for more than two years now, it is apparent that the technology has real potential, which this latest round will help the company fulfill. At the same time, the team behind QuadSAT is extremely passionate and driven, which has been instrumental in getting the solution in front of leading industry players. I look forward to continuing to be a part of QuadSAT’s success.
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