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- Kacific
Kacific Funding, Investors & Competitors
Kacific has raised $147M across 2 funding rounds, most recently a $125M undisclosed-stage round in February 2017.
Last Kacific funding round
$125M
Undisclosed stage · Feb 2017
Cumulative funding Kacific raised
$147M
across 2 funding rounds
About Kacific
Kacific is a Singapore-headquartered satellite broadband operator delivering high-throughput Ka-band connectivity to rural Pacific and Southeast Asia. Launched in 2013, its Kacific1 satellite, operational since late 2019, serves telecom operators, ISPs, and governments with wholesale capacity exceeding 75 Gbps. The Inmarsat-backed provider covers 46 countries including Indonesia, Philippines, and Papua New Guinea.
Founded
2013
HQ
Website
Status
Privately held
Customer focus
B2B & B2G
Revenue model
Subscription
Kacific Funding History
Kacific has raised a total of $147M across 2 funding rounds.
Kacific's first fundraising round was a $22M Series A in April 2016. The most recent completed round was a $125M undisclosed-stage round in February 2017.
Kacific funding rounds
| Date | Stage | Raised | Deal Summary |
|---|---|---|---|
| Feb 2017 | Undisclosed stage | $125M | Kacific Broadband Satellites, a Singapore-based satellite operator, provides broadband internet services targeting underserved areas in South East Asia and Pacific Islands using high-throughput Ka-band satellites. In February 2017, Kacific closed a US$147 million financing round comprising equity, debt, and customer prepayments to fund the purchase, launch, ground systems, and other costs for its Kacific-1 satellite, built on Boeing's 702 platform and co-owned with SKY Perfect JSAT Corporation. The satellite covers 20 Pacific and South East Asian nations with 57 narrow beams, each up to 1.25 Gbps capacity. To secure the financing, Kacific signed 15 managed bandwidth wholesale agreements across 14 countries totaling US$434 million in value, with 51 of 57 beams sold, most exceeding 70% firm capacity bookings via take-or-pay contracts. This presales success, nearing US$450 million in wholesale agreements, positioned Kacific-1 as a profitable venture despite the satellite launch planned for late 2019. The company focused on direct-to-premise broadband, aiming for affordable high-speed internet over 100 Mbps via small terminals to enable online education, healthcare, and economic growth in remote areas. Kacific, founded in 2013, demonstrated early sales traction in Asia-Pacific and planned expansion with follow-on satellites like a potential large Kacific-2. Prior funding included a Series A of US$22.3 million, and later rounds like US$160 million credit facilities in 2019 and a US$20 million stake from a UK investor. The entrepreneurial model emphasized precise capacity placement for demand pockets, with no disclosed post-money valuation, revenue, ARR, or EBITDA for the 2017 round. |
| Apr 2016 | Series A | $22M | Kacific Broadband Satellites, a Singapore-based startup, develops Ka-band high-throughput satellites to deliver affordable broadband internet to underserved areas in Asia-Pacific and Oceania, targeting governments, ISPs, telecoms, education, and healthcare. On April 4-5, 2016, it secured a Series A funding round including US$20 million equity from a UK-based family office and an additional US$2.3 million from two Australian private investors, enabling progression toward its first satellite, Kacific-1, without US Ex-Im Bank support. By late 2016, Kacific closed a US$147 million financing mix of equity, debt, and customer prepayments to cover satellite purchase from Boeing, launch, ground systems, and other costs. Kacific had pre-sold over 70% of Kacific-1's capacity through 15 managed bandwidth wholesale agreements across 14 countries, totaling US$434 million in firm sales backlog and supply contracts by late 2016, with 51 of 57 beams sold, many exceeding 70% firm bookings. The satellite features 57 narrow Ka-band beams each up to 1.25 Gbps, tailored to demand pockets in 20 Pacific and Southeast Asian nations. Prior to launch, Kacific provided interim services to refine offerings. Later developments included a US$160 million long-term credit facility in December 2019 as Kacific-1 neared launch, plans for a larger Kacific-2 covering new regions, and contracts like Kratos for ground stations and Newtec for platform tech. Overall funding reached about US$182 million across rounds, with investors including GuarantCo and Asian Development Bank. |
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Start Free TrialKacific Competitors
Kacific competitors include listed companies like SpaceX and EchoStar, and private ones like ICEYE, Chuangzhi Lianheng, Apolink and Everywhere Communications.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $289M | $115M | $12B | 40.3x | ||
| Private | - | - | $92M | - | ||
| Private | - | - | $45M | - | ||
| Private | - | - | $34M | - | ||
| Publicly listed | $19B | $3.9B | $2.0T | - | ||
| Publicly listed | $15B | ($16B) | $27B | 3.1x |
Kacific Public Comps
Kacific is still privately-owned, but its public comps include SpaceX, Bharti Airtel, Equinix, American Tower, Digital Realty Trust, Nokia, Ciena, Telstra, Yangtze Optical Fibre and Ericsson.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $19B | $3.9B | 106.0x | - | 503.3x | - | |||
| $22B | $12B | 6.2x | 5.7x | 11.3x | 10.1x | |||
| $9.2B | $3.9B | 13.3x | 12.3x | 31.3x | 24.2x | |||
| $11B | $6.2B | 12.4x | 12.0x | 21.1x | 18.2x | |||
| $6.1B | $3.7B | 14.6x | 13.1x | 24.2x | 24.2x | |||
| $23B | $2.2B | 2.5x | 2.4x | 26.4x | 17.3x | |||
| $4.8B | $333M | 10.4x | 7.9x | 148.4x | 36.4x | |||
| $16B | $5.7B | 3.3x | 3.2x | 9.2x | 8.3x | |||
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Common questions about Kacific
| When was Kacific founded? | Kacific was founded in 2013. |
| Where is Kacific headquartered? | Kacific is headquartered in Singapore, Singapore. |
| Is Kacific publicly listed? | No, Kacific is a private company. |
| How much funding has Kacific raised? | Kacific has raised $147M across 2 funding rounds. |
| What was Kacific's last funding round? | Kacific's last funding round was a $125M undisclosed-stage round in February 2017. |
| Which companies are comparable to Kacific? | Companies comparable to Kacific include ICEYE, Chuangzhi Lianheng, Apolink, Everywhere Communications, SpaceX and EchoStar. |
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