Satellite Startup Kepler Nets $5 Million in IA Ventures-led Round
|Areas||Communications, Corporate Finance and Securities, Technology|
Goodmans represented Manhattan-based IA Ventures which led a US$5 million seed round financing in Kepler Communications, a satellite communications company that is working towards establishing an in-space telecommunications network for space-borne assets.
Toronto-based Kepler is building a network of “CubeSats” – satellites roughly the size of a loaf of bread – to relay real-time messages sent by machines, acting as a service provider for IoT devices (Internet of Things) both on the earth’s surface and in-orbit.
Other investors include Liquid 2 Ventures (Joe Montana’s investment vehicle), Techstars, Globalive Capital, BDC, and a number of high profile angel investors.