IoT satellite network startup Hiber secures EUR26M in funding round led by EU’s innovation agency

by RJ Shara | Mar 30, 2021 | Startups

European satellite and interactions startup Hiber BV has secured EUR26 million in EU and private financial investment to expand its IoT satellite network. The funding comes from the European Development Council Fund (EIC Fund), the EU’s development company, which has a EUR278 million Development Fund. The EIC co-invested with a development credit offered by the Dutch […] The funding comes from the European Innovation Council Fund (EIC Fund), the EU’s development firm, which has a EUR278 million Innovation Fund. The EIC co-invested with a development credit offered by the Dutch government and existing investors. Nicklas Bergman, European Development Council Fund Committee Member, commented: “I am pleased to announce the EIC Fund support to this extremely ingenious business intending at creating a European champ in the satellite Web of Things sector. The financing comes from the European Innovation Council Fund (EIC Fund), the EU’s development agency, which has a EUR278 million Innovation Fund….