Spatialite Antenna Systems raises pre-seed investment
Riga, March 18, 2021
Happy to announce that Spatialite Antenna Systems SIA has raised the first funding and was backed by the Commercialization Reactor’s Fund with a pre-seed 50’000 EUR convertible loan. This is an appreciation of our progress made so far, including the industrial traction, and is supported by a shared belief in the high-potential of our disruptive mmWave antenna applications for SatCom and 5G, and also an external recognition of the strong team that is driving our company.
Voldemārs Brēdiķis, Partner at Commercialization Reactor Fund: “We are happy to see how the team progress through the acceleration program and hope that our support will be instrumental in bringing this exciting technology to the market.”
About Commercialization Reactor Fund (CRF) - CRF is an accelerator fund investing in high-growth-potential deep tech startups.
About Spatialite Antenna Systems We develop liquid-crystal-loaded metamaterials and use them to produce electronically steerable antenna systems for future wireless communications in GHz and THz spectrum.
Spatialite Antenna Systems is a privately held company based in Ikskile, Latvia.