Newspace startups on the Pacific coast of the US are generally seen as leading the way in nanosatellite technology, but one company in Denmark is bucking that trend. GomSpace listed on the Nasdaq First North in Sweden earlier this year and CEO Niels Buus tells SatelliteFinance’s Guy Ferneyhough that he has global ambitions for the firm.
Danish nanosat maker GomSpace and development fund IFU have established their ADS-B and AIS tracking system Aerial & Maritime, which has received US$7.2m in investment to come online in Q3 2018. IFU committed US$4m to the project in June, and GomSpace and an undisclosed African investor have put up a further US$3.2m.
HawkEye 360 has raised US$11m in its series A preferred financing round to fund the development and launch of a pathfinder mission for its radio frequency analytics and mapping constellation. Razor’s Edge Ventures was the lead investor and Allied Minds also participated, with the proceeds being used to fund an initial three smallsats being built by Deep Space Industries and GomSpace.
Swiss newspace startup ELSE is close to securing seed funding for its 64-nano satellite M2M constellation AstroCast that will cost US$50m to build and launch. Despite its operations being based in Lausanne, Switzerland, both its CEO and CFO are based in Portland, Oregon as the company looks to tap VC investors on the US Pacific Coast for the risk capital that is in short supply in Europe.