Oxford Space Systems Ltd Completes Equity Investment Round to Fund Future Growth

Insider Brief:

• Oxford Space Systems Limited has successfully completed an equity investment round, securing approximately £3 million in funding to drive expansion opportunities.
• The funding round, primarily backed by existing investors, comes as the company experiences rapid growth, including a tripling of revenues, five successful antenna deployments in space, and an increase in employee numbers from 50 to 87 over the past two years.
• Oxford Space Systems plans to use the funding to pursue high-growth product opportunities, including variants of existing antenna architectures, and expand its market reach into high-frequency satellite communication markets both in space and on the ground.
• Image credit: Oxford Space System Ltd.

Oxford Space Systems Limited has successfully concluded an equity investment round, securing approximately £3 million in funding to support its expansion initiatives in both the UK and international markets as reported in a press release on their website. The majority of the funding was contributed by existing investors in the company. 

Over the past two years, Oxford Space Systems has experienced significant growth, including a tripling of revenues, the successful deployment of five antennas in space, and almost a doubling of employee numbers. The company has also invested in developing additional deployable antenna products and manufacturing capabilities at its Harwell test and assembly facility and a new composite manufacturing site in Abingdon. 

In collaboration with strategic partners, Oxford Space Systems has identified high-growth product opportunities, including variants of the successful Wrapped Rib Synthetic Aperture Radar antenna architecture, a Hinged Rib high-frequency antenna for intersatellite communications, and a terrestrial antenna for rapid deployment and high-performance connectivity. 

The company has secured partner and grant funding to co-finance the development of these innovations alongside the recently announced equity round. Oxford Space Systems aims to leverage this funding to further expand its market reach, particularly in high-frequency satellite communication markets both in space and on the ground. 

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