Danish startup QuadSAT gets €9 million boost to make satellites more efficient

QuadSAT has just secured €9 million for its tech making satellites more efficient. The Danish startup now plans to scale up its operations. 

The satellite industry is growing at a rapid pace. As our world becomes increasingly digitally led, satellites are playing a key role in keeping us connected and informing data-based decisions. However, players in the industry currently deal with a common pain point: efficient testing of satellite health.

Aiming to change that and develop more reliable satellite networks, QuadSAT has developed technology which can test satellite equipment at every stage of its lifecycle.

The Danish startup has just secured €9 million to scale in a funding round led by IQ Capital. Existing investors, including the world’s leading space tech fund, Seraphim Space, Danish state Vækstfonden, and angel investors Torben Frigaard Rasmussen and Helge Munk, also participated.

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.”

Founded in 2017, QuadSAT’s technology tests and verifies satellite equipment, ensuring the efficient and reliable use of networks.

The solution provides a cost-effective, scalable and precise way to test antennas and satellite systems in operation, and anywhere in the world. The systems consist of state-of-the-art drone technology integrated with a custom RF payload as well as automation and measurement software.

Already working with leading satellite companies, such as OneWeb, SES, and the European Space Agency, this new funding will help the startup to scale. It’ll be used to expand its product range and bring the tech to more players in the industry.

Daniel Carew, Investment Principle from IQ Capital: “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 a number of leading players. This company has massive potential for the future, and we are excited to be a part of the next stage of growth.”

Joakim Espeland, CEO of QuadSAT: “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.”

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• Source: https://www.eu-startups.com/2023/03/danish-startup-quadsat-gets-e9-million-boost-to-make-satellites-more-efficient/