Satcube has received $1.2 million from the European Investment Bank with private investors also coming in with another $1.2 million

Satcube has recently received a loan from the European Investment Bank of $1.2 million (10 million SEK).

The money is now being matched with a new share issue of 10 million SEK, in which Jane Walerud are among the investors.

Satscube had sales of $1 million (8 million SEK) last year, and expects to double its sales this year to $2 million (16 million SEK).

“There won’t be any more funding rounds. The founders have launched the business successfully and managed to create products without venture capital until now”, Jane Walerud says.

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