Dejero Gets $24.9 Million from Intelsat, Kayne Partners
Dejero has announced significant new financing to accelerate its product development roadmap and its global expansion into the broadcast and media market. The investment will be used largely to fund development and commercialization of Dejero’s blended connectivity solutions into new markets, the company stated.
The investment of CA$32 million ($24.9 million) comes from Kayne Partners, the growth private equity arm of Kayne Anderson Capital Advisors, and satellite operator Intelsat. Intelsat, a strategic investor, is already a collaborating partner in the Dejero CellSat solution, which combines cellular connectivity from multiple mobile network providers with Ku-band IP satellite connectivity.
Dejero’s solutions blend cellular, satellite and other IP connections from multiple network providers to deliver the bandwidth required to exchange high throughput, low latency video and data. Its cloud-managed solutions are used by news organizations to report live from around the world, and to provide internet connectivity in remote locations or while mobile.
As part of this financing round, Leon and Rob Shilton of Kayne Partners will be joining the Dejero board of directors. Also joining the board is Michael DeMarco, Intelsat’s executive vice president of operations, who commented: “Following the success of our recent partnership that brought the Dejero CellSat solution to market, we’ve made a strategic investment that will accelerate our collaboration on additional multi-network connectivity solutions for our customers.”
“With this funding we see huge opportunities to deliver a broader range of blended connectivity solutions and services, not only to our traditional market of broadcast and media, but to other markets where reliable, flexible connectivity is just as vital,” said Dejero Chief Executive Officer (CEO) Bruce Anderson.