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Announced

Completed

360 Capital and Omnes Capital led a €20m Series B round in Unseenlabs.

Financials

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Transaction Value£17m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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geolocation technology

France

Electronic Components and Equipment

Acquisition

Private

Private Equity

Friendly

Minority

radio frequency

Domestic

Completed

Single Bidder

Production Technology Equipment

Venture Capital

Synopsis

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360 Capital and Omnes Capital led a €20m Series B round in Unseenlabs, a European manufacturer of satellite radio frequency geolocation of ships at sea. Additional investors include Hemeria, Breizh Up and Blue Oceans Partners. “Following an initial funding round of €7.5 million in 2018, we are proud to announce this second fundraiser of €20 million. 2020 was a good year for Unseenlabs. It enabled us to confirm the viability of our model and the benefits of our offering for market players. This new round will enable us to accelerate the rollout of our constellation, which should consist of 20-25 nanosatellites by 2025; support the development of our geolocation services; and increase our presence on the international stage. This is clearly a change of scale for us. As we take this step, we are delighted to be able to continue to count on the support of a number of our historical partners, while at the same time welcoming new partners, whose trust we gratefully acknowledge," Jonathan Galic, Unseenlabs Co-Founder.

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