Sofant Technologies has raised 拢6.25 million investment.
The Scottish tech firm, behind antenna terminals for satellite communications, said the raise – led by EMV Capital Partners – will see it transition from multi-year R&D into a commercial launch and production.
The round includes significant participation by Scottish Enterprise, the National Security Strategic Investment Fund and other investors.
The fundraising comprises 拢1.1m of new equity investment together with the conversion of approximately 拢4.7m of existing loans and accrued interest under convertible loan agreements and approximately 拢430,000 of advance subscriptions.聽
As part of the transaction, a portion of fees owed to EMVCP were converted into equity, further increasing the group鈥檚 direct stake.
Sofant has demonstrated the ability to achieve the integration of its proprietary technology into a complete transmit array, significantly reducing power consumption, size and thermal demands compared with traditional semiconductor-based systems.
Supported by programmes with the European Space Agency and UK Space Agency, Sofant has advanced the development of its next-generation satellite communication terminal, designed to provide users with high-speed, low-latency satellite connectivity.聽
The technology eliminates the need for complex cooling systems which is a key barrier to scaling modern SatCom and defence platforms.
To support the transition to a scale-up company, Sofant recently appointed Will Whitehorn OBE as chair, who brings extensive experience in aerospace, satellite communications and commercial scaling. His appointment reflects the company鈥檚 shift toward international expansion.
David Wither, CEO of Sofant Technologies, commented: 鈥淲e are pleased to have secured this significant investment from our existing shareholder base, and to welcome NSSIF as a new strategic shareholder.聽
鈥淭his support is a testament to the disruptive potential of Sofant鈥檚 technology and the remarkable progress our team has made in recent months. With this additional capital, we are positioned to accelerate our commercial deployment and redefine what is possible in wireless communications.
鈥淓MVC has supported Sofant through several phases of development, and we would like to thank them for leading this round and for their continued support and guidance, along with our wider shareholder base.鈥�