18/08/2022
Munich, Germany – SkyFive today announced having onboarded three institutional investors as part of a major financing round, each of them playing additionally also a significant strategic role for the expansion of the company’s Air-to-Ground (A2G) services in the next major aviation markets.
As a result of closing this financing round SkyFive is now fully equipped for further growth in three key dimensions: along the value chain, by adding its onboard traffic management middleware to the aircraft solution; geographically, by proliferating A2G in the Middle East; and financially, by enabling the capability to pre-finance aircraft equipment and thus lower the entry threshold for airlines.
The investment of Peiker Holding through their Acustica 2. Verwaltungs GmbH follows the earlier announcement of SkyFive and FTI Engineering Network, a Peiker company, to jointly develop a software-defined network service that integrates A2G with satellite-based inflight connectivity systems. SkyFive will rely on the strong communications DNA and aviation expertise of Peiker Holding and FTI for entering the onboard software domain to provide both hybrid and mission-critical aerial connectivity services.
ANSAB, the second investor, leverages its Space, Communications, and Information Technology Fund for setting up the SkyFive business in Saudi Arabia and the wider Middle East. The investment underpins the strong commitment of SkyFive to expand its services to the Middle East, a market adjacent to Europe, where A2G coverage is already provided based on SkyFive technology in 35 countries.
The third investor, ATKA Capital, created a dedicated fund – the ATKA S5 Fund – for fuelling the further growth of SkyFive, including a significant financing structure for aircraft equipment, which allows SkyFive to provide the essential A2G terminal to airlines in a zero-CAPEX model to considerably lower the adoption threshold.
About SkyFive:
SkyFive provides Inflight Connectivity services based on its unique Air-to-Ground technology. The company’s mission is to deliver true broadband services to airline passengers, enable the real-time transfer of vast amounts of aircraft data, and support ultra-reliable low latency communications required for the mass proliferation of Urban Air Mobility. SkyFive connects aircraft of any kind and size through giant cells in the sky, thereby leveraging the performance and cost benefits of the 4G and 5G mobile ecosystem. SkyFive has been established as a spin-off from Nokia in 2019, is headquartered in Munich, Germany, and operates several sites for R&D and service delivery in major aviation markets.
About Peiker Holding:
Peiker Holding GmbH is a family-owned international consulting company, existing in its fourth generation, headquartered in Bad Homburg, Germany. It manages all companies of the Peiker family and is always on the lookout for new trends and investment opportunities. Based on years of experience, the Peiker family companies develop and market communication systems and digital solutions for various industries including transportation and logistics, public safety authorities, and consumers.
About ANSAB:
For over two decades ANSAB has been a leading organization for implementing infrastructure projects and modern road networks in the Kingdom of Saudi Arabia. The Space, Communications, and Information Technology (SCIT) Fund was established in 2022 to further propel ANSAB into the future laid out by the ambitious Vision 2030 plan. SCIT invests into cutting-edge digital technologies in key growth markets, such as, aviation.
About ATKA:
ATKA Capital LLP is a London based investment firm focused on the aviation industry. In partnership with UBS, it manages AMCs (Actively Managed Certificates) that invest in global listed equities in the aviation sector. It also makes very selective private investments in the aviation sector and advises companies in the aviation sector on M&A, capital raise and other strategic decisions.
