The Danish tech company QuadSAT ApS (“QuadSAT”) has secured DKK 67 million in funding. The investment round was led by the London-based venture capital fund IQ Capital and supported by current investors, including the leading space tech fund Seraphim Space, Denmark’s Export and Investment Fund (Vækstfonden) and angel investors Torben Frigaard Rasmussen and Helge Munk.
QuadSAT tests and services antennas with a drone-borne high-tech solution. The drone-based technology combined with a unique patented radio frequency system has resulted in the world’s only transportable, cost- and time-efficient system for verifying the performance of antennas. QuadSAT’s objective is to make it possible to measure and calibrate antennas and satellite systems everywhere in the world and contribute to the future global infrastructure in the long term. Among QuadSAT’s customers are the world’s largest space and tech companies, international, leading satellite operators and the ESA (European Space Agency).
IQ Capital is a capital fund based in London that focuses on early-stage investments in leading growth companies within fintech, IoT and robotics, etc.
Accura advised the lead investor IQ Capital in connection with the investment round.