Kacific Broadband Satellites Group operates high-power satellites delivering high-speed broadband to underserved, remote and rural markets across Asia and the Pacific. Its first satellite, Kacific1, is focused on the Pacific and Southeast Asia and was scheduled to commence operations in early 2020 following launch. Kacific uses multi-beam space communications and ground technology to serve customers in areas with limited terrestrial connectivity. The company reported that a large number of customers in 25 nations had already signed up in anticipation of Kacific1 beginning service. Kacific’s headquarters are in Singapore, with operations out of Vanuatu. The announced long-term financing was intended to replace short-term facilities used to fund construction of the Kacific1 payload, associated infrastructure, and launch costs. Kacific is a satellite operator building a high-throughput Ka-band broadband service using multi-beam space communications technology to address underserved Pacific markets. The company plans to deliver service to South East Asia, New Zealand and the Pacific with its first satellite. Kacific has signed agreements representing over US$260 million of pre-sales contracts with governments, ISPs and telecom operators across eleven Asia-Pacific countries, including Indonesia. It is in the process of a Series A capital raise to reach financial close for the project. Recent agreed financings include US$20 million from a UK-based family office and US$2.3 million from two Australian private investors. The UK investment was arranged by Kacific’s advisor, Caniwi Capital. Kacific’s management says these investments should encourage further take-up of its service in target markets.

Total raised

$182M

Funding rounds

3

Latest round

Debt Financing

Latest activity

Dec 2019