Tech Company Financing Transactions
Sofant Technologies Funding Round
On 11/29/2022, Sofant Technologies raised $5 million in funding from EMV Capital, Future Fund and Kelvin Capital.
Transaction Overview
Company Name
Announced On
11/29/2022
Transaction Type
Venture Equity
Amount
$5,037,000
Round
Undisclosed
Investors
Proceeds Purpose
The company will use the proceeds to build a satellite communications terminal which targets mobile applications, with commercial sales expected to begin later in the year.
Company Information
Company Status
Private & Independent
Industry
Wireless
Mailing Address
Centrum House, 108-114 Dundas St,
Edinburgh , EH3 5DQ
UK
Edinburgh , EH3 5DQ
UK
Phone
Undisclosed
Website
Email Address
Overview
Sofant Technologies is a leading-edge radio technology company based in Edinburgh, UK. The company is applying its proprietary RF MEMS technology to develop an extremely low power, low cost platform which solves power consumption and heat problems in 5G and satellite communications antenna systems. Sofant employs a fabless semiconductor business model which enables it to leverage long established high volume, low cost production methods. This positions Sofant to offer its customers game-changing performance with guaranteed scalability and low cost.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
David Wither
Chief Financial Officer
Blair Mckenzie
Chief Technical Officer
Victor Steel
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