EMV Capital (EMVC), a venture capital firm specializing in high-growth deep tech companies, has spearheaded a £3.4 million investment round for its portfolio company Sofant Technologies. This round, supported by private EIS investors, Kelvin Capital, and Scottish Enterprise, aims to facilitate Sofant’s go-to-market strategy by delivering satellite terminals to SatCom operators and their clients across aerospace, defense, security, and civilian sectors. Sofant’s technology, including its proprietary RF MEMS technology, enhances network capabilities while addressing key challenges related to size, weight, and power consumption in wireless communication systems. Both Dr. Ilian Iliev, Managing Director of EMV Capital, and David Wither, CEO of Sofant, expressed their satisfaction with the funding, highlighting its importance at a critical development phase. This funding marks a significant milestone for Sofant, allowing it to advance its terminal delivery towards network trials by the end of the year.
Endorsed by Dr. Ilian Iliev and CEO David Wither, the funding aims to propel Sofant’s innovations in phased-array antenna platforms and enable significant progress in the SatCom industry.
Venture Capital, Satellite Communications, Technology, Aerospace and Defense,United Kingdom, European Union
EMV Capital leads c.£3.4 million follow-on investment into SatCom leader Sofant