Oxford Innovation Finance’s EIS Growth Fund 3 and OION Angel Network have invested in Oxford Space Systems, a deployable antenna company helping to unlock the full utility of small satellites on orbit.
With a vision to be the global leader in deployable antennas for space, Oxford Space Systems is enabling the next generation of services in IoT, vessel tracking, SAR and telecoms. As one of a small number of new satellite hardware manufacturers, it leverages innovations from beyond the space sector, bringing together knowledge of materials science, radio-frequency engineering, mechanisms and thermal engineering to make its deployable antennas smaller and lighter than traditional designs which reduces total missions costs.
Oxford Space Systems' advancements in technology are fueled by direct input from customers, ensuring tangible benefits for their novel satellite services. Moreover, the company's product range adapts to evolving market demands, leveraging established scalable technologies to offer resilient, dependable, and high performing antenna solutions.
The new investment of £4 million will be used to fund identified growth opportunities in the UK and export markets. Oxford Space Systems has experienced rapid growth in the last 2 years with 5 successful antenna deployments in space leading to its investment in additional development and manufacturing capabilities and sites.
Sean Sutcliffe, Chief Executive of Oxford Space Systems, commented: “We are excited by the advancements Oxford Space Systems has made in recent years, developing its product portfolio, client base, and financial performance. This growth funding round will enable us to pursue the development of additional high-potential products and extend our market presence by enabling our customers' growth strategies.”
Richard Cooper, Managing Director at Oxford Innovation Finance, said: "Oxford Space Systems pioneers the creation of cutting-edge deployable antennas and structures tailored to the demands of the modern space era. Employing a fusion of agile development and rigorous validation processes, the company utilises proprietary materials in innovative ways to provide effective solutions swiftly and economically, addressing the market challenges of existing solutions.”
Published: May 2024.