Arizona-founded Freefall Aerospace has been backed by UAVC in its efforts to commercialise antennas for 5G and satellite communications.
Freefall Aerospace, a US-based antenna manufacturer spun out of University of Arizona (UA), has obtained an undisclosed sum from UA-focused investment fund UAVenture Capital Fund, Tucson.com reported on Monday.
UAVenture Capital Fund, which typically invests approximately $2m, acquired a 20% stake in Freefall.
Founded in 2016, Freefall manufactures compact, energy-efficient antennas for 5G and satellite telecommunications that deploy algorithms to automatically track users and avoid loss of signal.
The company has already piloted an antenna for small satellites.
Freefall was co-founded by Chris Walker, a professor in UA’s Department of Astronomy and Steward Observatory, alongside Doug Stetson, a former program manager at US space agency Nasa’s Jet Propulsion Laboratory.
The spinout issued $250,000 in convertible securities to undisclosed investors in January 2018, according to a regulatory filing.
Freefall is UAVC’s fifth investment following hospitality recruitment platform Qwick last month as well as disk drive technology developer Codelucida, therapeutic painkiller supplier Regulonix and long-haul delivery marketplace creator Post.Bid.Ship.