Astrocast Closes CHF 9M Series A Round

By Erica Hooper Lee | 4 September 2019

astrocast-closes-9m-series-round

We are excited to announce the closing of our CHF 9M Series A Round. This round will significantly accelerate our production of IoT modules and our commercial deployment. We want to thank our investors and teams for their continued support as we build our Nanosatellite IoT Network.

9M CHF

Series A Round

500000CHF

loan from the Foundation for Technological Innovation

We are also excited to announce that Astrocast was awarded a CHF 500,000 loan from the Foundation for Technological Innovation. The FIT Growth loan encourages entrepreneurship, supports innovation, and bolsters the local economy by supporting technology start-ups in the county of Vaud Switzerland. Astrocast received a similar award called the FIT Seed Loan in 2015.

It has been an amazing year at Astrocast. We launched two test satellites making us the first company to prove we can launch, propel, accurately determine the position and communicate with their LEO nanosatellites in less than 2 hours after launch. Both satellites have completed a full system test and are functioning at full capacity.

Great things are ahead and we want to thank everyone for joining us on this journey!

Catch Fabien Jordan at Euroconsult World Satellite Business Week Conference, on the panel IoT Constellations: Emerging Business Models, Wednesday, September 11th at 14:15 CEDT. To meet with Astrocast please connect here.

Upcoming Events

Aviation & Space Symposium 2022
01-02 June, 2022
Saint-Gallen, Switzerland

This year's #AS22 will be held together with the 10th Bodensee Aerospace Meeting (#BAM22), representing the largest cross-cluster Aerospace symposium in Europe.

Register here

Connectivity Business Summit 2022
14-15 June, 2022
New York

It explores the critical strategic and financial issues impacting the global satellite and terrestrial connectivity infrastructure and services industry. Meet onsite Fabien Jordan.

Register here

Viva Technology 2022
15-18 June, 2022
Paris

The event acts as a powerful global catalyst for digital transformation and startup growth, bringing together, business leaders, startups, investors, researchers and innovators.

Register here

Leti Innovation Days
21-23 June, 2022
Grenoble

CEA-Leti 3-day flagship event to discover policymakers and tech leaders decisions on downscaling, "More than Moore electronics" and other future technologies for components.

Register here