Isotropic Systems secures £27m in Series B funding led by Seraphim Space Investment Trust
The financing will support the final development and commercial launch of the company multi-link antenna technology.
Isotropic Systems develops transformational broadband terminal technologies designed to improve connectivity across the satellite ecosystem.
Isotropic Systems has secured £27m in a Series B follow-on funding round led by Seraphim Space Investment Trust. The financing also saw participation from AEI HorizonX, Orbital Ventures, and Firmament Ventures, alongside ongoing backing from SES and the UK Government. The new capital will support the company as it completes the development of its multi-link antenna and prepares for commercial product launch in 2022.
The business has expanded its workforce over recent months to accelerate production in response to the growing number of satellite constellations launching across various orbits. This latest injection brings total capital secured from investors and customers to over $100m, positioning the firm for commercial expansion across multiple international markets.
From the founder
"We are delighted to announce this new funding today, which will bring our game-changing technology to reality within the next 12 months. The strong interest we have received from across the industry has given us the confidence to accelerate our growth plans and bring forward the commercialisation of our groundbreaking new terminals, harnessing the potential of the thousands of new satellites being launched across multiple orbits in the year ahead."
John Finney
Founder and CEO at Isotropic Systems
Investor perspective
"Isotropic Systems is a prime example of why we looked to list our new fund on the London Stock Exchange. With the Seraphim Space Investment Trust, we now have the financial firepower to double down with conviction on our highest potential investments. With its unparalleled ability to simultaneously connect to satellites in different constellations and different orbits, we believe that Isotropic Systems has the technology that will help unlock massive potential growth within the satellite communications market. We are delighted to be stepping up our support for this exciting business as it enters a critical phase in its development."
James Bruegger
Managing Partner, Seraphim Capital
Use of funds
- 01Continue product development
- 02Grow the team
Investors
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About the company
Isotropic Systems
Isotropic Systems builds advanced multi-link antennas for satellite communication.