AscendArc raised $4M in seed funding led by Seraphim Space to develop small GEO communication satellites.
Jan 29, 2025•11 months ago
Amount Raised
$4 Million
Round Type
seed
Investors
Hunter CommunicationsThermoPortland Seed FundEverywhere VenturesSeraphim Space
Description
AscendArc has emerged from stealth with $4M in funding to develop small GEO communication satellites. The Portland, OR-based startup aims to provide cost-efficient satellite solutions using smaller GEO satellites.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers