We are proud to have advised OQ Technology, a global leader in 5G Non-Terrestrial Network satellite communication, in securing a key convertible loan investment as part of its Series-B round.
Our dedicated team, led by Samia Rabia (Partner), with Pablo Umbon-Manzano (Counsel), Delia Nitescu (Counsel), and Yacine Bouazza (Senior Associate), successfully guided this complex fundraising.
The investment comes from the Luxembourg Space Sector Development Fund (LSSD), co-led by SES S.A. and the Luxembourg government, with strong support from existing investors, including Waed Ventures (venture capital arm of the Saudi oil and gas giant Aramco) and Phaistos Investment Fund. The investment will help OQ Technology to accelerate its commercial operations globally, expand its licensed spectrum market access, and convert its existing pipeline into paying customers. OQ Technology already has commercial partnerships with customers such as Aramco, Telefonica, Deutsche Telekom, Transatel, and many more.
The company has deployed the first batch of its satellites since 2019 and is looking to expand its satellite constellation by raising the remaining amount of its Series-B round.
This accomplishment underscores our commitment to supporting innovative businesses in their growth journeys.
Thank you to our dedicated team and to OQ Technology for its trust that fuels our determination to deliver impactful results.
Press release: OQ Technology · OQ Technology Secures Convertible Investment as Part of Series-B Round
