PICOSATS S.r.l. successfully closes a €2.13 million funding round to enhance its satellite telecommunications innovation efforts, supported by notable investors.
Information on the Target
PICOSATS S.r.l., headquartered in Trieste, is a leading company in the satellite telecommunications sector. Recently, the company successfully completed its second investment round, raising €2.13 million. This financing round saw participation from notable investors, including LIFTT S.p.A., Progress Tech Transfer, and Galaxia - the National Technology Transfer Hub for Aerospace under CDP Venture Capital Sgr.
The funds acquired will enable PICOSATS to continue its innovative development of advanced technological solutions within the space sector. The investment signifies strong confidence in PICOSATS' growth potential and consolidates its standing as a leader in the satellite telecommunications industry. The capital will be utilized for expanding research and development activities, enhancing technological infrastructure, and scaling commercial operations.
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Industry Overview in Italy
The Italian aerospace industry has been experiencing significant growth, driven by advancements in technology and an increasing demand for satellite communications services.
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LIFTT S.p.A., Progress Tech Transfer, Galaxia - Il Polo Nazionale di Trasferimento Tecnologico per l’Aerospazio
invested in
PICOSATS S.r.l.
in 2023
in a Series A deal
Disclosed details
Transaction Size: $2M