Ovzon AB
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Ovzon AB

https://www.ovzon.com/en/
Last activity: 19.03.2024
Categories: ServiceOwnMobileTechnologySpaceFinTechDevelopmentConstructionMessangerLoan
In July 2019, PCP IV provided a commitment for a six-year senior secured USD 60 million loan to Ovzon AB (publ), a company headquartered in Sweden offering revolutionary mobile broadband service via satellite combining high bandwidth with highly mobile terminals. The financing provided by PCP will part fund the construction and launch of Ovzon’s first own satellite Ovzon 3. This first satellite, manufactured for Ovzon by Space Solutions, part of Maxar, features multiple high-performance steerable beams to meet challenging communication requirements. In addition, the proprietary On-Board Processor developed by Ovzon enables new functionality such as single hop communication between very small terminals, reduced latency and more efficient use of the bandwidth. We appreciate the depth of Ovzon’s technology offering and we consider them to be in a favourable position to deliver on their long-term vision in the coming years, including the launch of its first own satellite. Our ambition is to be a long-term financial partner to Ovzon and support its continued development and growth. www.ovzon.com July, 2019
Website visits
24.5K /mo.
Mentions
78
Location: Sweden, Solna kommun
Employees: 11-50
Total raised: $46.56M
Founded date: 2006

Investors 2

Funding Rounds 2

DateSeriesAmountInvestors
06.02.2023-$19.1M-
22.09.2021-$27.46M-

Mentions in press and media 78

DateTitleDescriptionSource
19.03.2024Top Satellite Mobile Innovations of 2024 Revealed During MSU...Satellite Mobile Innovation Awards Winners 2024 MSUA announces innovation awards during annual cerem...prweb.com/...
04.01.2024Successful launch of Ovzon 3Successful launch of Ovzon 3 Thu, Jan 04, 2024 06:45 CET Report this content Ovzons proprietary deve...news.cisio...
03.01.2024Launch of Ovzon 3 targeted for tonightLaunch of Ovzon 3 targeted for tonight Wed, Jan 03, 2024 08:00 CET Report this content Ovzon’s revol...news.cisio...
22.12.2023Update: Launch of Ovzon 3 now targeted for early JanuaryUpdate: Launch of Ovzon 3 now targeted for early January Fri, Dec 22, 2023 08:00 CET Report this con...news.cisio...
15.12.2023Due to unfavorable weather conditions Ovzon 3 launch now tar...Due to unfavorable weather conditions Ovzon 3 launch now targeted for no earlier than December 22, 2...news.cisio...
13.12.2023Ovzon receives order of 135 MSEK from Swedish Space Corporat...Ovzon receives order of 135 MSEK from Swedish Space Corporation (SSC) Wed, Dec 13, 2023 16:20 CET Re...news.cisio...
08.12.2023Ovzon 3 launch targeting no earlier than December 15, 2023Ovzon 3 launch targeting no earlier than December 15, 2023 Fri, Dec 08, 2023 08:00 CET Report this c...news.cisio...
03.11.2023Ovzon receives follow-on order for SATCOM-as-a-Service value...Ovzon receives follow-on order for SATCOM-as-a-Service valued at 1.8 MUSD Fri, Nov 03, 2023 08:00 CE...news.cisio...
01.11.2023Ovzon receives an additional order of 1.2 MUSD from U.S. DODOvzon receives an additional order of 1.2 MUSD from U.S. DOD Wed, Nov 01, 2023 07:00 CET Report this...news.cisio...
31.10.2023International Telecommunications Union extends regulatory fi...International Telecommunications Union extends regulatory filings for Ovzon 3 orbital position Tue, ...news.cisio...
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