Canada-based internet connectivity developer Dejero raised $32m in funding on Wednesday from communications satellite provider Intelsat and growth private equity firm Kayne Partners, owned by investment firm Kayne Anderson Capital Advisors.
Founded in 2008, Dejero has developed technology that enables clients in remote and mobile locations to connect to the internet and transmit broadcast-quality video. It achieves this through its CellSat system, blending mobile phone networks from multiple operators with satellite technology.
Dejero will primarily use the cash to drive further international expansion but also to accelerate product development. Intelsat is a strategic partner in CellSat.
Michael DeMarco, executive vice-president of operations at Intelsat, will join the board along with Rob Shilton, senior associate at Kayne.
Dejero previously obtained $14m in funding from Wellington Financial in February 2017, following a $4.5m investment in 2014 from Best Funds.
DeMarco said: “Following the success of our recent partnership that brought the Dejero CellSat solution to market, we have made a strategic investment that will accelerate our collaboration on additional multi-network connectivity solutions for our customers.”