Investment Summary

C5 Capital Exits Satelles

On March 4, 2024, Iridium invested in information technology company Satelles from C5 Capital

Investment Highlights
  • This is Iridium’s 1st transaction in the Information Technology sector.
  • This is Iridium’s 1st transaction in the United States.
  • This is Iridium’s 1st transaction in Virginia.

Investment Summary

Date 2024-03-04
Target Satelles
Sector Information Technology
Investor(s) Iridium
Sellers(s) C5 Capital
Deal Type Add-on Acquisition

Target

Satelles

Reston, Virginia, United States
Satelles provides secure time and location signals from low Earth orbit (LEO) independent of the Global Positioning System (GPS) and other Global Navigation Satellite Systems (GNSS). Satelles is based in Reston, Virginia.

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Investor(S) 1

Investor

Iridium

McLean, Virginia, United States

Category Company
DESCRIPTION


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Virginia M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1

Seller(S) 1

SELLER
DESCRIPTION

C5 is a family capital-backed technology investment firm focused on investing in cyber security, data analytics, cloud computing, and assistive technologies. C5 Cyber looks for growth opportunities throughout Europe, the Middle East and Africa. C5 Capital was formed in 2014 and is headquartered in London.


DEAL STATS #
Overall 6 of 6
Sector: Information Technology M&A 6 of 6
Type: Add-on Acquisition M&A Deals 3 of 3
State: Virginia M&A 2 of 2
Country: United States M&A 4 of 4
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-01 Oomnitza

San Francisco, California, United States

Oomnitza is an Enterprise Technology Management solution that provides a single source of truth for endpoints, applications, cloud, networking, and accessories. Oomnitza was founded in 2012 and is based in San Francisco, California.

Sell -