Orbcomm completed equity financings totaling more than $110 million which will be used primarily to fund Orbcomm’s next generation satellite program, the company announced Jan. 4.

The investors were led by new investor Pacific Corporate Group (PCG), which committed $60 million. Other new investors include investment firms MH Equity Investors and Torch Hill Capital, while several existing investors, including Ridgewood Capital, OHB Technology AG, Northwood Ventures and senior management, also contributed Orbcomm said.

“This new funding allows us to accelerate our satellite replenishment program in order to support our rapidly growing customer base and offer new products and services,” Jerry Eisenberg, CEO of Orbcomm, said in a statement. “Attracting such high-quality investors reflects their belief in our ability to deliver significant value to our customers, our resellers and our hardware partners.”