Tech Company Financing Transactions
Swarm Technologies Funding Round
Swarm Technologies, based in Mountain View, secured $25 million from private investors, 4DX Ventures and NJF Capital.
Transaction Overview
Company Name
Announced On
1/25/2019
Transaction Type
Venture Equity
Amount
$25,000,000
Round
Series A
Investors
private investors (Lead Investor) (David Sacks)
private investors (Lead Investor) (Sky Dayton)
Proceeds Purpose
The Series A money will help Spangelo along with co-founder and Apple veteran Ben Longmier launch 150 of the smallest satellites ever made with a goal of providing Internet connectivity anywhere on earth within two years.
Company Information
Company Status
Private & Independent
Industry
Internet & IoT
Mailing Address
Undisclosed
Mountain View, CA 94039
USA
Mountain View, CA 94039
USA
Phone
Undisclosed
Website
Email Address
Overview
Swarm Technologies is a satellite company committed to providing accessible, low-cost global connectivity. We built Swarm after having hundreds of conversations with people needing to implement affordable connectivity for their businesses. By providing connectivity to people and devices in remote regions, Swarm makes data accessible to everyone, everywhere on earth.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Sara Spangelo
Chief Technical Officer
Benjamin Longmier
VP - General Counsel
Kalpak Gude
Browse more venture capital transactions:
Prev: 1/25/2019: ThingTech venture capital transaction
Next: 1/25/2019: DISCO venture capital transaction
Share this article
About Database of VC Transactions
We document all VC transactions involving tech companies. VC investment data records reported here are sourced from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs