What is Kacific?
Founded in 2013 and headquartered in Singapore, Kacific specializes in providing broadband internet services across the South East Asia and Pacific Islands. The company operates a fleet of satellites designed to deliver high-speed internet connectivity to underserved and remote areas. Kacific's mission is to bridge the digital divide by making reliable internet accessible to a wider population, thereby fostering economic development and improving communication infrastructure in its target markets. The company's strategic focus on these regions positions it as a key player in the global satellite communications industry.
How much funding has Kacific raised?
Kacific has raised a total of $329.3M across 3 funding rounds:
Series A
$22.3M
Other Financing Round
$147M
Other Financing Round
$160M
Series A (2016): $22.3M, investors not publicly disclosed
Other Financing Round (2017): $147M led by Undisclosed
Other Financing Round (2019): $160M supported by GuarantCo and ADB
Key Investors in Kacific
ADB
Asian Development Bank (ADB) is a multilateral development finance institution that assists its developing member countries in the Asia-Pacific region in their efforts to eradicate poverty and improve the quality of life. They provide loans, technical assistance, grants, and equity investments.
GuarantCo
GuarantCo is a financial institution that provides credit enhancement and guarantees to support infrastructure development projects in emerging markets. Their involvement suggests a focus on large-scale, impactful ventures.
Undisclosed Investors
What's next for Kacific?
With the recent major strategic investment, Kacific is poised for accelerated growth and service enhancement. The company is likely to leverage this capital to expand its satellite network, upgrade its technological infrastructure, and broaden its market reach. Future endeavors may include the deployment of new satellites, the development of advanced service packages, and strategic partnerships to further penetrate its target regions. This sustained backing from investors suggests a strong outlook for Kacific as it continues to play a crucial role in expanding digital access across the South East Asia and Pacific Islands.
See full Kacific company page
