Sofant Technologies secures £1.8m seed round led by Kelvin Capital and EMV Capital to advance antenna technology
Kelvin Capital and EMV Capital backed the Edinburgh-based antenna developer to finalise commercialisation of its core technology.
Edinburgh developer of low-power radio frequency micro-electro-mechanical systems beamforming solutions for satellite communications and wireless markets.
Edinburgh-based antenna developer Sofant Technologies has secured £1.8m in seed funding to finalise product commercialisation. The round was led by Kelvin Capital, with participation from EMV Capital and existing backers.
The capital will support the company as it completes the development of its proprietary radio frequency micro-electro-mechanical systems. Sofant intends to work alongside a high volume commercial foundry and expand its network of industry partnerships.
Kelvin Capital has maintained a backing relationship with the business since 2013. Meanwhile, EMV Capital secured a seat on the board as part of the transaction.
From the founder
"We are very pleased to have EMV Capital on board and for their help in securing the capital that Sofant needed to finalize the commercialization of our leading-edge RF MEMS technology. Ilian and his team bring a great corporate and investor network, and experience in working with scale-ups. They are pragmatic and results oriented."
David Wither
CEO at Sofant Technologies
Investor perspective
"Sofant sits at the intersection of the industrial data and connectivity revolution that is under way. In the future, transportation, industrial infrastructure, automated manufacturing will all require seamless low latency data connectivity. David and his team are developing an elegant and scalable approach that will be applicable to several telecom systems."
Ilian Iliev
CEO, EMV Capital
Use of funds
- 01Continue product development
Investors
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About the company
Sofant Technologies
Sofant Technologies develops low-power RF MEMS beamforming solutions for satellite communications.