January Investment Activity
January 11 – Italy-based space logistics and in-orbit servicing start-up D-Orbit SpA raised €100m in a Series C funding round led by Marubeni Corporation, with participation from CDP Venture Capital Sgr and Seraphim Space Investment Trust, among other investors.
January 19 – AST SpaceMobile, Inc. announced the launch of a $100m public equity offering and also that it secured a $155m strategic investment, including $110m in ten-year subordinated convertible notes with participation from existing investor Vodafone Group plc and new investors AT&T Inc. and Google LLC, and revenue commitments of $20m and $25m from AT&T Inc. and Google LLC, respectively. The investment will fund the company’s commercial network roll-out.
January 22 – ComTech Telecommunications Corp. raised $45m through an issuance of convertible preferred shares to its existing shareholders White Hat Capital Partners LP and Magnetar Capital LLC.
Read more related news in Space Business Review January 2024.
