Satellite B2B broadband startup Mangata plans Series A this summer, and customer disclosure

by Peter B. de Selding

PARIS — Startup satellite B2B broadband service provider Mangata Networks is preparing a Series A financing round this summer for  up to $50 million — that’s all  CEO Brian Holz said he needs now — on the heels of a grant from Scottish Enterprise in return for building an R&D center in Edinburgh.

Arizona-based Mangata is designing a constellation of medium-Earth-orbit (MEO) and hilly elliptical orbit (HEO) satellites, with revenue generating starting with as few as eight HEO-orbit satellites: become a subscriber!

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