Fleet Financing

Isotropic raises $ 37 million to launch multibeam antenna

Paris, September 28, 2021. – Isotropic Systems has raised $ 37 million in its latest Series B funding round to accelerate development of its multibeam antenna terminal and launch next year, the company said.

The funding round was led by Seraphim Space Investment Trust – the world’s leading listed space technology fund – as part of the first significant investment since its IPO on the London Stock Exchange in July, says Isotropic.

“Strategic” and “deep-tech” venture capitalists including AEI HorizonX, Promus Ventures, through its Luxembourg-based space investment fund Orbital Ventures, and Firmament Ventures also participated, Isotropic said.

The latest round of funding brings the total capital raised from investors and customer support to over $ 100 million, which is added.

The multibeam terminal designer and manufacturer says the additional investment will facilitate the development of its “single multi-link antenna” until the product is launched in 2022.

Isotropic Systems recently ramped up its production phase to support the launch of new constellations and satellites into GEO, HEO, MEO and LEO orbits from 2022, according to the company, and increased its workforce by 40% over the years. last five months.

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