NGP Capital is leading a $30 million financing round for Skylo, a pioneer in satellite communications, to expand its innovative satellite connectivity solutions amid a growing market demand for reliable communication.

Information on the Target

Skylo is revolutionizing satellite communications by enabling seamless connectivity for devices, enhancing their ability to interact with the digital world. The company leverages a sophisticated technology stack and a forward-thinking team to deliver innovative solutions in the rapidly evolving satellite communications sector.

With their unique software-defined approach, Skylo directly addresses connectivity gaps prevalent in cellular networks. The firm offers one of the first commercial direct-to-device (D2D) satellite solutions that allow consumers and enterprises to maintain contact even in areas devoid of cellular or Wi-Fi coverage.

Industry Overview in the Target’s Specific Country

In the United States, cellular networks have expanded significantly over the last few decades; however, connectivity gaps still affect millions. Reports indicate that approximately 60 million subscribers experience inadequate ce