SpaceBridge Completes $17 Million Financing Round
SpaceBridge announce the completion of $17 million in second round financing led by RBC Dominion Securities. Principal investors in this round include Royal Bank Capital Partners, TRW Inc. [TRW], MWI & Partners and Altamira Management Ltd. The funds will be used to increase sales and marketing activities and allow SpaceBridge to further develop its product line.
“We consider the broadband wireless access market to be one of the strongest sectors and SpaceBridge to be best positioned to deliver the high-performance, low-cost solutions required to make it all happen,” said Tony Cestra, director, Royal Bank Capital Partners.
The company’s products provide efficient and cost-effective access for both ground and high-speed digital modems, transmitting data at rates of up to 155 Mbps per second.