QuadSAT, the drone-enabled antenna testing company, has announced it has closed its £700,000 seed round, led by the Danish Growth Fund, with participation from Seraphim Capital and existing investors.
The investment will enable QuadSAT to bring its drone platform to the satellite communications industry, initially focusing on maritime and aeronautical applications.
QuadSAT’s platform uses drone technology to test and calibrate satellite and VSAT antennas autonomously, mimicking an orbiting satellite that can simulate a ship or aircraft’s motion. This method enables highly accurate testing while drastically reducing downtime.
Having started as a university project, QuadSAT is based at Odense Robotics Start Up Hub, a Danish accelerator programme for robotics and drone startups, which provides premises and expert assistance.
This investment follows an initial round of investment to establish the company in 2017.
Joakim Espeland, CEO, QuadSAT, said: “Our technology alleviates a massive pain point for our customers and will ensure high quality communications with minimum interference at a competitive price.
“We’re thrilled to be backed by our investors, including the team at Seraphim, which brings with it a great deal of sector-expertise as the world’s leading space-tech focused venture capital fund.”
QuadSAT was one of six companies to take part in Mission 1 of Seraphim Space Camp. Seraphim Space Camp is the UK’s first accelerator for space-tech startups backed by Seraphim Capital, the world’s first venture capital fund dedicated to SpaceTech. The programme aims to get Seed and Pre-Series A, space-tech companies ‘investment ready’ and to facilitate unique corporate relationships with some of the leading space corporates and agencies.