Eutelsat has announced the launch of a €670 million rights issue as part of its €1.5 billion capital raise to reinforce its financial structure and fund strategic ambitions. The announcement was expected, but there were also some extra details: · Subscription price: €1.35 per new share · Subscription ratio: 8 new shares for 11 existing […]

The cash-raising move, of €828 million, was not unexpected having been agreed by shareholders at Eutelsat’s September 30th AGM. Indeed, a further €672 million has already been pre-agreed with shareholders and both as part of strengthening the operator’s capital. The French State will subscribe for €551 million, Bharti Space Limited for €30 million, the UK […]

AccelerComm, a provider of flight-proven 5G technology for satellite networks, and Radisys Corporation, a specialist in open telecom solutions, have announced that a joint project to support the development of the next generation of Non-Terrestrial Networks has been funded through the UK Space Agency’s International Bilateral Fund (IBF). This project will tighten the integration of […]

Vibe.co, the ad platform bringing hyper-targeting to connected TV (CTV) for performance marketers, has closed $50 million (€42.6m) in Series B financing led by Hedosophia, an early investor of Spotify, Uber and Airbnb. The financing also includes participation from previous backers including Elaia and Singular; in addition to Revolut CEO Nik Storonsky’s fund QuantumLight; Supercell […]

Coimisiún na Meán has announced €6.46 million in funding for radio and TV productions around Ireland as part of the latest round of the Sound & Vision scheme. Round 56 will support the production of 57 culturally significant projects for Irish audiences for broadcast across national, regional, local and community stations. This brings the total amount […]

Qbeast, the next-generation data optimisation platform, has announced a $7.6 million (€6.5bn) seed round to fix that. The seed round was led by Peak XV’s Surge (formerly Sequoia Capital India), with participation from HWK Tech Investment and Elaia Partners. The new capital will fund team expansion, broaden product support across more analytics use cases, and […]

Spaceflux, headquartered in London, has successfully closed a £5.4 million (€6.2m) seed funding round, enabling the company to fast-track the growth of its proprietary global telescope network and push forward innovative space situational awareness (SSA) technologies. The funding round, co-led by the UK Innovation & Science Seed Fund (UKI2S) (managed by Future Planet Capital), Foresight […]

Creative Access, the UK’s diversity, equity & inclusion social enterprise, has  announced that 49 creatives will receive vital funding to cover equipment, training, travel, and other career-critical costs. A record-breaking surge in demand for financial support has exposed the growing crisis facing talent from under-represented groups in the UK’s creative industries. Now in its fourth […]

Happydemics, a specialist in brand metrics and ad performance measurement, has announced it has raised €13 million in Series B funding. The private equity round, led by Wille Finance and Adelie Capital, will see the company ramp up its global expansion into the UK and continue its work with marketers looking to get better returns […]

The North East’s reputation for space research and innovation has been recognised with the announcement of £2.5 million (€3m) from the Engineering and Physical Sciences Research Council (EPSRC). The funding has been awarded to a consortium of academic, civic and industry partners who together will form the North East Space Communications Accelerator (NESCA), which is […]