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Vipc’s Virginia Venture Partners Invests In Lynk To Provide Reliable Cellular Coverage Via Satellites

Jul 05, 2022about 3 years ago
Richmond

Description

Virginia Venture Partners, the equity investment program of Virginia Innovation Partnership Corporation (VIPC), today announced an investment in Lynk. Falls Church, Va.-based Lynk provides satellite broadband connectivity from directly to customers’ existing standard mobile phones; even in the most isolated areas, with no need to purchase a new device. Lynk will use this investment to accelerate the company’s initial commercial service, planned for late 2022. Lynk will provide universal connectivity everywhere in Virginia, and the rest of the world, including the most rural areas.

Company Information

Company

Lynk

Location

Richmond, Virginia, United States

About

Falls Church, Va.-based Lynk provides satellite broadband connectivity from directly to customers’ existing standard mobile phones; even in the most isolated areas, with no need to purchase a new device. Lynk will use this investment to accelerate the company’s initial commercial service, planned for late 2022. Lynk will provide universal connectivity everywhere in Virginia, and the rest of the world, including the most rural areas. Lynk also provides instant backup in the event of a natural disaster, such as tornados, or hurricanes. In 2022, Lynk will provide the world’s first commercial satellite direct-to-mobile-phone service, enabling affordable, reliable mobile phone connectivity to everyone, everywhere across the globe. Today, Lynk is the only company in the world to have successfully sent text messages to and from space via unmodified mobile devices.

FundzWatch™ Score

89
Medium Activity