Sky has announced Grub Club, Milliways, Ocean Bottle, OceanSaver and UpCircle as the five winners of its Sky Zero Footprint Fund. Now in its third consecutive year, the £2 million advertising fund uses the power of TV advertising to tackle climate change by supporting campaigns that drive behaviour change for a more sustainable world. The five […]

AST SpaceMobile has secured a financing package sufficient to launch its first five direct-to-cellular satellites. The fresh money, worth $100 million (€91.9m), comes on top of other recent financial input into the business. The cash comes from Atlas Credit Partners (ACP). The investment builds upon AST’s $800 million existing capital base. The ACP credit facility […]

ITV has announced its third 2023 deal as part of its Media for Equity portfolio, in pain relief brand Flarin – its first consumer healthcare investment to date. As part of ITV Adventures Invest, its Media for Equity investment fund, ITV has agreed to invest up to £5 million of advertising inventory across ITV’s channels […]

Kohlberg Kravis Roberts is investing $33 million (€30m) in Rocket Factory Augsburg (RFA) which is building rockets for launch from Scotland’s SaxaVord spaceport. “The investment will facilitate RFA’s upcoming integrated first stage test and complete the company’s launch pad at SaxaVord Spaceport in Scotland, to eventually bring the RFA ONE microlauncher to the launchpad,” said […]

British innovators working to revolutionise 5G and broadband coverage for every corner of the UK could be in line to secure up to £160 million (€186m) from a scheme to deliver the next generation of high-tech satellites, Science and Technology Secretary Michelle Donelan has announced. LEO satellites represent the next generation of space technology, offering […]

Local areas across the UK will be helped to boost their digital connectivity and develop advanced wireless technologies, thanks to a new £40 million (€46.6m) fund that could power everything from innovative healthcare solutions to futuristic farming and smart systems to improve transport and cut congestion. Local and regional authorities can now apply for a […]

Australia and Luxembourg-registered Kleos Space, which uses small satellites to detect and locate radio frequency signals to uncover illegal activity on land and sea, has filed for bankruptcy in Luxembourg. Trading in its shares in Australia had already been suspended on May 3. It already has 16 satellites in orbit (although there are problems with […]

Leaf Space, a provider of ground segment services for satellite operators, has successfully completed a capital increase for a total of €20 million on top of the availability by the European Investment Bank of a loan for a further €15 million through Venture Debt. Launched in 2014, the Italian-headquartered company based in Lomazzo (Como) currently […]

The UK Infrastructure Bank has made a £250 million (€291m) debt investment in new next generation fibre broadband company nexfibre which is rolling out full-fibre broadband to 5 million homes across the UK by 2026. As part of its commitment to investing in infrastructure that tackles climate change and boosts regional and local growth, the […]