Loft Orbital Obtains $13 Million In Funding For Satellite Projects

Loft Orbital has just collected $13 million more to fund the development of a network of lightweight satellite systems intended to provide transport of a combination of payloads from clients that do not want to launch their satellites. Foundation Capital pioneered the inaugural round involving Swell Partners, Kima Ventures, GFA Ventures, and Cendana Capital. I a statement released by the company on November 13, the round brought the sum of Loft Orbital’s non-dilutive capital to 20 million dollars. Sunil Nagaraj has also invested in Loft Orbital Series A through Ubiquity…

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