We're thrilled to announce that Skylo, a BMW i Ventures portfolio company, has raised a $30M oversubscribed round led by NGP Capital, with participation from The Westly Group, Intel Capital, Samsung Catalyst Fund, Next47, and others! 💫 🚀 📲 Why it matters? 85% of the planet still lacks reliable cellular coverage. 🌍 Skylo bridges that gap by enabling smartphones, vehicles & IoT devices to connect via satellite—without special hardware. The company is the first standards-based commercial direct-to-device (D2D) satellite service, with millions of devices activated across 5 continents. Whether in remote areas, at sea, or during emergencies, Skylo keeps people and businesses connected, no matter where they are in the world. 🌐 Skylo is defining the future of connectivity, and we’re excited to support their journey! 👏 https://lnkd.in/eKNt32ZG
