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AscendArc raised $4M in seed funding led by Seraphim Space to develop small GEO communication satellites.

Jan 29, 202511 months ago

Amount Raised

$4 Million

Round Type

seed

PortlandAerospace

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.

Company Information

Company

AscendArc

Location

7324 SW 32ND AVE

Portland, Oregon, United States

About

AscendArc is fundamentally changing the economics of the satellite communications industry by designing and manufacturing low incremental cost, rapidly deployed, high bandwidth, volume produced, small geostationary satellites.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers