Kleos Space S.A., a Luxembourg-based space-powered Radio Frequency (RF) Reconnaissance data-as-a-service (DaaS) company, has announced that it has secured AUD$12.6 million (equivalent to €7.8 million) to grow its constellation.
The investment comes from new and existing institutional and sophisticated investors in Australia and the United States via a placement of approximately 14,823,529 new CHESS Depositary Interests (CDIs) over Kleos ordinary shares at AUD$0.85 (equivalent to €0.53) per CDI.
The placement includes cornerstone investments from Perennial Value Management and Thorney Investment Group.
Commenting on the placement, Kleos CEO Andy Bowyer said: “I am extremely pleased to welcome new high-calibre institutional investors Perennial and Thorney to the register. The strong support we have received from new and current investors reflects Kleos’ significant technical and commercial progress that is accelerating rapidly”.
The placement proceeds will be used to fund the launch of future satellite clusters and to scale Kleos’ DaaS offering.