Sofant Technologies secures £2.3m in pre-series A funding led by EMV Capital to advance antenna technology.
EMV Capital led the pre-series A round to support product development and partnership activities in 5G and satellite communications.
Sofant Technologies develops proprietary radio frequency microelectromechanical systems technology to reduce power consumption in 5G and satellite communication antenna systems. The Edinburgh based business utilises a fabless semiconductor model to deliver scalable and efficient hardware solutions.
Sofant Technologies has secured £2.3m in a pre-series A funding round led by EMV Capital, with participation from Kelvin Capital, Old College Capital, Wealth Club, and the Scottish Investment Bank. The capital will be directed towards completing core technology development, integrating RF MEMS into initial products, and advancing partnerships across the satellite and 5G sectors.
Based in Edinburgh, the company focuses on radio frequency microelectromechanical systems designed to lower power requirements in electronically scanned antenna arrays. The latest investment builds on existing backing from key partners as demand grows for efficient wireless communication infrastructure.
From the founder
"We are very pleased to have supportive investors who understand the value of semiconductor-based hardware. This funding will be used to complete the development of our core RF technology platform. It will also support our activities with an ecosystem of corporate partners who share Sofant’s belief that RF MEMS will disrupt the market for high frequency SatCom and 5G antenna applications. It is a very exciting time for Sofant, and we look forward to working with our partners to change the way high frequency antenna systems are designed and built."
David Wither
CEO at Sofant Technologies
Investor perspective
"We are delighted to continue supporting our portfolio company, Sofant, which has made great progress with their disruptive technology in an exciting market. Reliable and fast connectivity has never been more important for our society—which has only become clearer in response to the impact of Covid-19. Sofant are well positioned to build on their development and growth to provide a key enabling technology for this future."
Ilian Iliev
CEO of EMV Capital and Investor Director of Q-Bot, EMV Capital
Use of funds
- 01Continue product development
- 02Fund research and development
Investors
Categories
About the company
Sofant Technologies
Sofant Technologies builds energy efficient antenna technology platforms for 5G and satellite communications.