(IN BRIEF) OQ Technology has secured €25 million in venture debt financing from the European Investment Bank under the InvestEU programme to expand its low-earth-orbit satellite communications technology. The funding will support research and development as well as the deployment … Read the full press release
Posted in Banks, European Union, Financial, France, Internet & Online, Investment, Luxembourg, News, Technology, Telecom
Tagged 5G NTN, Andrius Kubilius, direct to device connectivity, European Investment Bank, European Investment Bank Supports OQ Technology Expansion of Satellite Based 5G and IoT Connectivity Solutions, European space industry, InvestEU, LEO constellation, Lex Delles, low earth orbit satellites, Luxembourg space sector, NB-IoT, Omar Qaise, OQ Technology, OQ Technology Advances Sovereign European Satellite Network with €25 Million Venture Debt Financing, Robert de Groot, satellite communications, smartphone connectivity, sovereign space infrastructure, TechEU
(IN BRIEF) The European Investment Fund has invested €30 million in the first closing of Sienna Hephaistos Private Investments, Europe’s first private credit fund dedicated to financing SMEs and midcaps in the defence sector. Launched under the InvestEU Defence Equity … Read the full press release
Posted in Artificial Intelligence (AI), Defence, European Union, Financial, Investment, Luxembourg, Small Business, Technology
Tagged Ambroise Fayolle, Andrius Kubilius, DEF, defence financing, defence midcaps, defence SMEs, EIB Group, EIF, EIF anchors €30 million investment in Europe’s first private credit fund for defence SMEs and midcaps, European Commission, European defence industry, European Investment Bank, European Investment Fund, European Investment Fund supports €500 million defence credit vehicle to boost strategic autonomy and SME financing, https://www.eif.org/, InvestEU Defence Equity Facility, Marjut Falkstedt, Paul de Leusse, private credit fund, Sienna Hephaistos Private Investments, Sienna Investment Manager, strategic autonomy, supply chain financing
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