Fundraise

Belgium's Tusk IC raises €15M to mass-produce satellite chips

What's the deal? Antwerp-based Tusk ICDealroom has a profile for this one. Try Dealroom → has raised €15 million ($17.2 million) in a Series A round. The chip developer, a spin-off of Leuven's MICAS labDealroom has a profile for this one. Try Dealroom →, will use the funding to ready its satellite-antenna chips for mass production.

What's the endgame? Tusk IC designs chips for satellite antennas. The new capital is aimed at scaling from development to volume manufacturing.

The signal: The round ranks among the larger Series A deals in its category — above the 90th percentile for comparable rounds in Belgium — reflecting investor appetite for European hardware tied to the growing satellite market.

Read more: tijd.be

Image credit: Tusk IC

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