# Commsat

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

- Industry: Aerospace
- Headquarters: Beijing, China
- Website: www.commsat.cn
- Total disclosed funding: $55M
- Latest round: Series B (May 13, 2020)
- Investors on record: 9

## About

Commsat develops and operates commercial satellites, providing innovative solutions for aerospace applications. The company specializes in small satellite systems, enhancing communication, navigation, and remote sensing capabilities.Founded in 2015 and headquartered in Beijing, China, Commsat focuses on aerospace solutions through its satellite technologies. The founder, Steven Xie, has a background in establishing technology ventures. The company has raised a total of CNY 270.00 mn, with the latest funding being a Series B round in February 2021, supported by investors such as Avic Trust and Wealth Venture Capital.Commsat offers tailored solutions in the aerospace sector, including the development and operation of commercial satellites. Their services encompass the customization of small satellite systems, constellation design, and various industry-specific applications that support communication, navigation, and remote sensing. Additionally, the company promotes space science education through nine operational educational satellites, serving schools across China and targeting satellite communication operators and governmental agencies.Commsat generates revenue through direct sales of satellite systems and subscription services for satellite data and communication solutions. They partner with government entities and commercial enterprises, offering customized satellite development and ground terminal products based on client needs. Revenue streams also include educational programs aimed at K-12 institutions, focusing on STEM education through their satellite technologies.Commsat plans to leverage recent funding for further development and expansion into international markets, particularly aligning with initiatives linked to the Belt and Road Initiative. The company aims to introduce new satellite products and services designed for enhanced communication and remote sensing capabilities. The strategic investment from February 2021 will support these growth initiatives, as Commsat seeks to broaden its footprint in the educational sector and satellite communication services.

## Funding rounds

- Series B, May 13, 2020, $38M — Wealth Venture Capital, Avic Trust
- Series A, Sep 30, 2018, $1.5M — Sino-Ocean Capital, SkyChee Ventures, Three Gorges Capital Holdings
- Series A, Feb 7, 2018, $16M — SkyChee Ventures, Casstar Capital, Junzi Capital, Qixi Investment
- Angel, Aug 3, 2016 — Xike Angel Fund, Casstar Capital

## Investors

- Xike Angel Fund (https://capitalatlas.ai/funds/xike-angel-fund) — Angel
- Casstar Capital (https://capitalatlas.ai/funds/casstar-capital) — Angel, Series A
- SkyChee Ventures (https://capitalatlas.ai/funds/skychee-ventures) — Series A
- Junzi Capital (https://capitalatlas.ai/funds/junzi-capital) — Series A
- Qixi Investment — Series A
- Sino-Ocean Capital (https://capitalatlas.ai/funds/sino-ocean-capital) — Series A
- Three Gorges Capital Holdings — Series A
- Wealth Venture Capital (https://capitalatlas.ai/funds/wealth-venture-capital) — Series B
- Avic Trust (https://capitalatlas.ai/funds/avic-trust) — Series B