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TUSK IC raises €15M in Series A funding led by Matterwave Ventures, FORWARD.one, and Flanders Future Tech Fund to advance satellite communications technology.

PRIVATESep 17, 2026•about 3 hours ago

Amount Raised

€15 Million

Round Type

Series A

LeuvenManufacturingHardwareAerospaceSatellite CommunicationWireless

Investors

Schaubroeck FamilyFlanders Future Tech FundForward.OneMatterwave Ventures

Description

TUSK IC, a spin-out of KU Leuven, has closed its Series A funding round of €15 million to accelerate commercialization of CMOS-based Beamformer ICs for Ka-band satellite communications. The round is led by Matterwave Ventures, FORWARD.one, and Flanders Future Tech Fund, with participation from the Schaubroeck family and existing investors. The funding enables TUSK IC to scale its breakthrough technology for next-generation LEO and MEO satellite constellations. Earlier this year, TUSK IC secured a contract from the European Space Agency to support its technological advancement.

Company Information

Company

TUSK IC

Location

Leuven, Flemish Brabant, Belgium

About

TUSK IC is a spin-out of KU Leuven that develops CMOS ICs for automotive, industrial, and satellite communications segments. The company specializes in Standard CMOS-based Beamformer ICs for Ka-band SatCom, enabling lower-cost and lower-power alternatives to existing technologies. Their Beamformers are key components of Flat Panel Antennas that provide scalable, affordable connectivity for LEO and MEO satellite constellations. TUSK IC combines mmWave innovation with standard CMOS economics to democratize high-performance satellite communications.

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Funding Insights

Based on industry data
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months
Monthly burn rate benchmark
47% of Series A startups spend $400k or more per month on operations
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

TUSK IC raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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