PARIS — Swiss private-equity investor Investiere’s decision to invest $1.1 million into startup M2M/IoT satellite constellation operator Astrocast brings Astrocast’s seed-round funding to 4.1 million Swiss francs ($4.1 million), more than $1 million more than expected.
Lausanne, Switzerland-based Astrocast has previous financial backing from Airbus’s venture-capital fund, Airbus Ventures, and grants from the Swiss government and the 22-nation European Space Agency (ESA).
Total financing is $7.1 million, which Astrocast . . .
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