# Astrocast

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/astrocast

- Industry: Telecoms
- Headquarters: Lausanne, Switzerland
- Website: www.astrocast.com
- Total disclosed funding: $4.1M
- Latest round: Seed (Dec 12, 2017)
- Investors on record: 3

## About

Based in Switzerland, Astrocast SA specializes in providing satellite IoT connectivity solutions, enhancing operational capabilities in remote areas across various industries.Astrocast SA, founded in 2014 and headquartered in Lausanne, Switzerland, focuses on satellite connectivity for IoT applications. The company has raised a total of USD 486.00 mn across various funding rounds, the most recent being a VENTURE DEBT round in July 2021, where it raised USD 17.50 mn from Thuraya Telecommunications Company. The founders include Fabien Jordan, Federico Belloni, and Jean-Michel Jordan, with Fabien Jordan also serving as the CEO.Astrocast specializes in offering a robust satellite IoT connectivity service, with products such as the Astronode S and Astronode S+ that facilitate low-energy, bidirectional communication for diverse applications. Their services cater to industries including Maritime, Agriculture & Livestock, Environmental & Utilities, Land Transport, and Mining, addressing global connectivity challenges and enabling real-time monitoring of assets. Additionally, Astrocast provides the Astronode DevKit for developers to create IoT solutions compatible with their network, operating in markets across Europe, North America, South America, and parts of Asia and Africa.In 2022, Astrocast reported revenue of USD 480,058.20 with an EBITDA of USD -16,545,237.80. The company generates income through structured subscription models and partnerships, targeting businesses that require satellite connectivity for their IoT devices, with revenue primarily driven by their Astronode S and Astronode S+ products.Astrocast plans to enhance its product offerings and accelerate production using recent funding from its VENTURE DEBT round. The company aims to introduce new satellite IoT solutions in the upcoming year while expanding its market reach into Asia and Africa by 2023. The funding from the July 2021 IPO, where they raised NOK 486 million by selling 16.67 million shares, will support these initiatives.

## Funding rounds

- Seed, Dec 12, 2017, $1.1M — investiere, 3W Ventures, Airbus Ventures
- Seed, Aug 8, 2017, $3M — Airbus Ventures

## Investors

- Airbus Ventures (https://capitalatlas.ai/funds/airbus-ventures) — Seed
- investiere — Seed
- 3W Ventures (https://capitalatlas.ai/funds/3w-ventures) — Seed