Announced
Completed
Financials
Sources
Tags
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
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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