AccelerComm Secures $15 Million Funding to Propel 5G Satellite Communications
London, UK – AccelerComm, a trailblazer in satellite communications technology, has successfully closed a funding round totaling $15 million. This capital, primarily aimed at enhancing the development and deployment of their 5G satellite products, will facilitate Direct-to-Device (D2D) communications between mobile handsets and satellite networks.
The funding round was led by IP Group, which includes investments from Parkwalk and Hostplus managed funds. Additional support came from notable players such as IQ Capital, Swisscom Ventures’ digital transformation fund, and Bloc Ventures. The investment will bolster AccelerComm’s collaborations with key customers, including aerospace giant Lockheed Martin, which has integrated AccelerComm’s technology into its Advanced Regenerative 5G NR NTN Base Station—the first regenerative 5G network payload set to launch into orbit.
In tandem with this funding milestone, AccelerComm appointed David Helfgott as CEO. With over 20 years of experience in wireless and satellite communications, Helfgott previously served as CEO at SmartSky Networks, where he led advancements in in-flight communications. He will focus on expanding AccelerComm’s market presence globally.
David Helfgott highlighted the industry’s burgeoning shift towards satellite-enabled mobile communications, stating, "AccelerComm’s unique technology positions us at the center of this shift, providing essential building blocks for top-tier 5G services from space." The launch of their innovative 5G NTN solutions has generated significant interest from global mobile operators and satellite networks.
Henny Sands from the UK Space Agency commended AccelerComm’s efforts in reshaping connectivity, while IP Group’s Lee Thornton expressed confidence in the company’s growth potential in the rapidly expanding low-earth-orbit satellite market, projected to reach $100 billion in the next decade.
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