Kleos Secures A$12.6 Million to Grow Constellation

Credit: Kleos Space
  • Placement to new and existing sophisticated and institutional investors in Australia and the U.S. at A$0.85 (~0,63 USD) per CDI, and three attaching options for every five CDIs
  • Cornerstone investments by Perennial Value Management and Thorney Investment Group
  • Capital enables Kleos to further grow its satellite constellation and scale its geolocation data-as-a-service offering, operations and core competencies to build on strong customer demand

LUXEMBOURG (Kleos Space PR) — Kleos Space S.A (ASX: KSS, Frankfurt: KS1), a space-powered Radio Frequency Reconnaissance data-as-a-service (DaaS) company, has secured A$12.6 million (equivalent to 9.3 million USD) from new and existing institutional and sophisticated investors in Australia and the U.S. via a Placement of approximately 14,823,529 new CHESS Depositary Interests over Kleos ordinary shares (CDIs) at A$0.85 (~0,63 USD) per CDI (Placement).

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Spire Global Raises $40 Million

SAN FRANCISCO, Sept. 25, 2019 (Spire Global PR) — Spire Global, the world’s largest earth observation constellation of satellites for advanced weather data, maritime analytics, and aircraft tracking, today announced over $40m in new funding from strategic partners including ITOCHU, Mitsui, and Scottish Investment Bank and financial investors led by the GPO Fund, Perennial Value Management Limited, and Bessemer Ventures. Existing investors RRE Capital, Expon Capital, Seraphim Capital and Qualcomm Ventures also participated, among others.

‘We are thrilled by the affirmation of these strategic relationships and how this capital infusion affords Spire continued validation from the strength of our respected financial investors. While we increasingly continue to fund our organic growth from revenue, this investment allows the company to also execute on its substantial path of international advancement,” said Spire CEO Peter Platzer. 

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