Vipc’s Virginia Venture Partners Invests In Lynk To Provide Reliable Cellular Coverage Via Satellites
Jul 05, 2022•about 3 years ago
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.
FundzWatch™ Score
89
Medium Activity