# QuadSAT

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/quadsat-aps

- Industry: Telecoms
- Headquarters: Odense, Denmark
- Website: www.quadsat.com
- Total disclosed funding: $19M
- Latest round: Series A (Jul 5, 2025)
- Investors on record: 7

## About

QuadSAT ApS, located in Denmark, specializes in innovative radio frequency (RF) measurement solutions for the SATCOM and defense industries, offering advanced software tools to enhance antenna performance and compliance. Founded in 2017 and headquartered in Odense, Denmark, QuadSAT ApS develops RF measurement solutions. The company, co-founded by Joakim Espeland, has maintained its focus on providing high-quality RF testing services. In July 2025, QuadSAT ApS raised EUR 5 million in Series A funding co-led by Join Capital and North Ventures, with participation from Export and Investment Fund of Denmark, TPC Management, Helge Munk Holding and Seraphim Space Manager. The round was part of a larger EUR 14 million Series A funding. QuadSAT specializes in advanced radio frequency (RF) measurement solutions, primarily targeting the SATCOM and defense industries. The company's core offerings include a comprehensive software suite for antenna measurements, RF tests, and analytics, designed to optimize and validate the performance of antennas and RF systems in various challenging environments. QuadSAT’s technology facilitates on-site testing and calibration, allowing users to manage interference mitigation, enhance quality of service, and ensure compliance with regulatory standards. The solutions offered can emulate satellites and RF signals, enabling users to assess tracking performance and dynamic capabilities across a wide range of antennas, from parabolic dishes to phased array systems. QuadSAT’s clientele includes satellite operators, service providers, antenna manufacturers, and end users, with a significant presence in global markets such as North America, Europe, and Asia-Pacific.QuadSAT generates revenue through a combination of direct sales and service agreements with clients in the SATCOM and defense sectors. The company’s business model encompasses testing as a service (TaaS), where clients utilize QuadSAT’s innovative RF measurement systems on a contractual basis. Revenue is derived from both one-time purchases of its proprietary technology and ongoing subscriptions for access to its software suite and analytics services. The pricing structure may incorporate tiered plans based on the scalability of testing capabilities and customer requirements. Flagship offerings include unique RF payload technology, which enhances the accuracy and efficiency of antenna measurements, contributing to the overall value proposition for clients seeking to optimize their RF systems and ensure compliance within a congested spectrum. For the most recent year, QuadSAT reported an EBITDA of EUR -3,807,901.70. The company will use the funding from July 2025 to expand its commercial reach, accelerate product development for defense use, and strengthen its presence in key NATO countries.

## Funding rounds

- Series A, Jul 5, 2025, $5.9M — Seraphim Space Manager, Join Capital, North Ventures, Export and Investment Fund of Denmark, TPC Management
- Series A, Mar 15, 2023, $9.6M — Vaekstfonden, Seraphim Space Manager, IQ Capital
- Seed, Sep 10, 2020, $2.4M — Vaekstfonden, Seraphim Space Manager
- Seed, Jan 16, 2019, $0.9M — Vaekstfonden, Seraphim Space Manager

## Investors

- Vaekstfonden (https://capitalatlas.ai/funds/vaekstfonden) — Seed, Series A
- Seraphim Space Manager (https://capitalatlas.ai/funds/seraphim-space-manager) — Seed, Series A
- IQ Capital (https://capitalatlas.ai/funds/iq-capital) — Series A
- Join Capital — Series A
- North Ventures (https://capitalatlas.ai/funds/north-ventures) — Series A
- Export and Investment Fund of Denmark (https://capitalatlas.ai/funds/export-and-investment-fund-of-denmark) — Series A
- TPC Management — Series A