Tech Company Financing Transactions
NewSpace Networks Funding Round
Private investors participated in a $200 million funding round for NewSpace Networks. The financing was announced on 2/13/2020.
Transaction Overview
Company Name
Announced On
2/13/2020
Transaction Type
Venture Equity
Amount
$200,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to use the funds to transform the industry from being hardware-focused to software-centric. NewSpace will accomplish this through a combination of acquisition, investment and internal product development.
Company Information
Company Status
Private & Independent
Industry
Enterprise IT
Mailing Address
Undisclosed
San Jose, CA 94088
USA
San Jose, CA 94088
USA
Phone
Undisclosed
Website
Email Address
Overview
During the next five years, $48 billion will be spent deploying roughly 10,000 next-generation communication satellites in Low/Medium Earth Orbit, which will connect to over 15 million remote locations around the globe. In contrast to today, where most satellite communications are one-way broadcasts, these new networks offer improved latency allowing a wide-ranging set of innovative two way communication solutions.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Co-Founder
Robert Cleave
Co-Founder
Shaun Coleman
Co-Founder
John Metzger
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