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New Deal


Announced

Completed

IA Ventures led a $92m Series C round in Kepler Communications.

Financials

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Transaction Value£73m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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satellite communication

Satellite

Acquisition

Private

Private Equity

Completed

Single Bidder

Canada

Cross Border

Minority

Venture Capital

Friendly

Synopsis

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IA Ventures, a venture capital company, led a $92m Series C round in Kepler Communications, a company building the Internet for space, with participation from Costanoa Ventures, Canaan Partners, Tribe Capital, and BDC Capital. “Exponentially decreasing launch costs make space more accessible than ever, but connectivity beyond Earth is still costly, challenging, and inconsistent. The Kepler Network solves this by providing a fast, open, developer-friendly network enabling ‘it-just-works’ connectivity between any asset in space and back to Earth—and someday to Mars and beyond! With proven customer demand for their high-speed optical network, we are excited to lead this funding round to enable Kepler to continue its rapid growth and achieve profitability," Brad Gillespie, IA Ventures General Partner.

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