Kepler raises US$60 million to expand its LEO network

TORONTO — Canadian satellite telecommunications company Kepler Communications announced today it has raised US$60 million in a Series B fundraising round to provide the company with a capital injection for the continued expansion of its low Earth orbit (LEO) satellite communications network. The new round of funding was led by Silicon Valley-based venture capital firm Tribe Capital and included participation from new investors including Canaan Partners. Existing investors including IA Ventures and Costanoa Ventures also participated in this round. This brings the total funding raised to date by Kepler to more than US$90 million, says the company’s press release. Kepler’s...