Aerial & Maritime Ltd. raises additional $5M in funding, to scale up ADS-B data nanosatellite network.

Aerial & Maritime Ltd, a Danish company offering a nanosatellite-based service, announced it had secured an investment of $5M from a group of investors to scale up the nanosatellite network from 4 to 8 satellites offering near real-time ADS-B and AIS data for airline and ship tracking in the equatorial region.

The company has now secured a total funding of 12,2 million USD.

Aerial & Maritime, established in October 2015 as a limited liability company and led by CEO Karsten Ingemann, provides a nanosatellite-based service for monitoring aircrafts and maritime vessels in a region spanning from latitudes 37 degrees Northern through 37 degrees Southern Latitude. The Company’s head office is located in Mauritius with subsidiaries and offices in Ghana and Denmark as well.

The satellites are being developed and manufactured by GomSpace A/S in Denmark and the program is fully on track with the first complete satellite currently undergoing extensive test and verification activities ahead of production scale up for the program.

This investment secures A&M a solid foundation from which it can accelerate the development of its plans to scale the service offering from equatorial coverage starting in 2018 to full global coverage with an estimated total of 80 nanosatellites in different orbits by 2021.

The main shareholders of the company are GomSpace Group AB and the Investment Fund for Developing Countries (IFU).

GomSpace Group AB, formerly GS Sweden AB, is a Sweden-based company. It operates as a parent of GomSpace ApS, which is a Denmark-based company that develops and sells hardware and software components for small satellites. It offers engineering and consulting services, and a range of subsystems.