PARIS — Audacy's June 6 operating license from the U.S. Federal Communications Commission (FCC) has already had the effect of triggering a $4 million financing, in the form of equity-secured debt, from Horizon Technology Finance.
That brings Audacy financing to far to $11.1 million, with backers including Fidelity Investments’ Eight Roads Ventures, InnoSpring Seed Fund, Metatron Global and the Stanford StartX Fund.
Audacy is planning a three-satellite constellation of medium-Earth . . .
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