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Safran Ventures invests in a German start-up

2021-05-26T19:55:32.329Z


By betting on SkyFive, the French fund is accessing the ecosystem of innovative start-ups from across the Rhine.


New investment for Safran Corporate Ventures, the venture capital fund created by the French engine manufacturer in 2015. The fund achieves a double first.

It is investing for the first time in a German start-up, SkyFive, alongside the British fund Star Capital, a specialist in emerging infrastructures.

And Safran Corporate Ventures enters the high-speed internet market dedicated to commercial aviation.

The amount committed is confidential.

But the starting bet oscillates between 1 and 5 million euros.

Read also:

Safran steps up its race for innovation

“SkyFive has patented a ground-to-air solution that offers high-speed connectivity on board aircraft, via telecom ground stations.

This is a solution with strong growth potential in Europe, the United States and Asia to cover the connectivity needs of continental flights, ”

Florent Illat, director of Safran Corporate Ventures

, explains to

Figaro

.

This solution is starting to be deployed as part of the European Aviation network (EAN), which brings together the operator

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Source: lefigaro

All business articles on 2021-05-26

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