QuadSAT announced raising 900k from Vaekstfonden and Seraphim Capital.

Denmark Investments 16 January 2019
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QuadSAT, an Odense, Denmark-based startup operating a dron-based platform for testing satellite antennas, announced in a press release the completion of a £700k ($900k) capital investment round.

The money was provided by new and existing investors, including Vaekstfonden, Seraphim Capital and Helge Munk, and will be used for expanding the platform's availability to the satellite communications industry.

QuadSAT, founded in 2017 by CEO Joakim Espeland and Andrian Buchi, platform uses drone technology to test and calibrate satellite and VSAT antennas autonomously, mimicking an orbiting satellite that can simulate a ship or aircraft’s motion. The platform was initially aimed and tested on maritime and aeronautical applications. Combining the latest drone technology with a simulated satellite payload and mathematical algorithms, QuadSAT simplifies the requirements for satellite antenna testing, qualification and calibration. In addition, use of QuadSAT’s products reduces vessels and aircraft downtime for such testing procedures, significantly reducing operational expenses.