QuadSAT Closes €2 million Pre-Series A Investment

Odense, Denmark, September 10, 2020--QuadSAT, a Danish company providing innovative test and measurement systems of satellite antennas, announced today that it has 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 CapitalVaekstfonden, the Danish state’s investment fund, and Angel Investor, Helge Munk. 

For the antenna ground segment to keep up with the rapid development of satellites in orbit there is a great need for a cost-effective, flexible, and efficient testing solution. QuadSAT provides an innovative way of antenna testing by combining state of the art drone- and RF-technology with custom-developed software making automated antenna test and measurement available anytime and anywhere.

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. This investment allows us to develop the product line to match the industry needs, and to build a strong team able to tackle future challenges”. Joakim Espeland, CEO and co-founder adds “Our solution is the only one that can provide the scalability of test and measurements required for a robust satcom infrastructure to minimize challenges such as dropped calls and internet buffering.”

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.

The investment round follows a seed round at the start of 2019. This pre-series A investment is a catalyst for exploiting the potential of QuadSAT’s unique position as the only company that can provide mobile testing at scale. This 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, according to the company.

QuadSAT plans to raise a Series A round within a year.