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Niederer Kraft Frey advised SWISSto12 on the transactions.
SWISSto12, one of the world’s fastest-growing aerospace companies and leading manufacturer of advanced satellite systems and radio frequency (RF) products, has secured EUR 73 million (USD 85.5 million) in financial support from European Space Agency (ESA) Member States through the HummingSat ARTES partnership project.
In addition, SWISSto12 raised funding from European private investors, bringing its total funding to more than EUR 100 million (USD 117.2 million).
Signaling strong institutional and private investor confidence in the company’s commercial potential and operational readiness, the funding will accelerate SWISSto12’s development and industrialization of Hummingsat, SWISSto12’s next-gen affordable, compact satellite, to meet growing demand for commercial and sovereign communications, as well as the scaling up its manufacturing capacity and accelerating new product innovations.
These initiatives address increasing global demand for cost-effective, agile and sovereign communications in both government and commercial sectors.
The investment will also allow SWISSto12 to further develop its phased-array antenna technologies to be used onboard LEO/MEO/GEO satellite payloads and ground products such as user terminals.
The NKF team was led by Corporate/M&A partner Jacques Bonvin, working with associate Boris Catzeflis (Corporate/M&A and Technology).