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- Ligado Networks
Ligado Networks Funding, Investors & Competitors
Ligado Networks has raised $4B across 2 funding rounds, most recently a $3.9B strategic investment round in October 2020.
Last Ligado Networks funding round
$3.9B
Strategic investment · Oct 2020
Cumulative funding Ligado Networks raised
$4B
across 2 funding rounds
Key investors in Ligado Networks
About Ligado Networks
Ligado Networks provides satellite-based broadband connectivity for the Industrial Internet of Things and critical infrastructure, leveraging L-band spectrum for reliable, nationwide coverage from its Reston, Virginia headquarters.
Founded
1985
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Usage-based
Ligado Networks Funding History
Ligado Networks has raised a total of $4B across 2 funding rounds.
Ligado Networks' first fundraising round was a $100M undisclosed-stage round in May 2020. The most recent completed round was a $3.9B strategic investment round in October 2020.
Ligado Networks funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Oct 2020 | Strategic investment | JPMorgan Chase (lead) | $3.9B | Ligado Networks, a satellite communications company with L-band spectrum assets, raised $3.85 billion in new capital on October 23, 2020, led by JPMorgan Chase & Co. from new and existing investors to fund deployment of a private L-band network for IoT and 5G services targeting enterprise and industrial sectors. The funding supported commercial collaborations with chipset designers, device manufacturers, and infrastructure providers following FCC approval in April 2020 for low-power terrestrial operations. The round followed Ligado's efforts to restructure debt and make a $700 million prepayment to Inmarsat under a cooperation agreement, part of broader financing including issuance of first and second lien notes. Despite the capital raise, Ligado faced ongoing opposition from the U.S. Department of Defense, GPS stakeholders, and others over potential GPS interference, delaying commercialization. Ligado remained pre-revenue as of its 2025 bankruptcy filing, burdened by $8.6 billion in debt without achieving operational deployment post-2020 funding. |
| May 2020 | Undisclosed stage | - | $100M | Ligado Networks announced more than $100 million in new investments on May 28, 2020, marking the first tranche of capital following the Federal Communications Commission's unanimous approval to modify the company's spectrum licenses for new 5G services. The company had spent several years testing its L-band spectrum and sought regulatory clearance before launching its capital raise. The financing was specifically earmarked to operationalize Ligado's vision of deploying mid-band spectrum to support next-generation wireless networks for critical infrastructure and essential services. The funding supported expansion of the wireless ecosystem, including chipset and device development, spectrum standardization, and Internet of Things device operations across satellite and terrestrial networks. Ligado's services targeted mission-critical industries including public safety, emergency response, commercial transportation, energy, agriculture, and supply chain sectors. The company positioned itself as advancing American competitiveness in 5G and supporting critical entities like first responders and healthcare workers with ubiquitous and ultra-reliable networks. |
Who has invested in Ligado Networks?
1 investor has backed Ligado Networks across its funding rounds, including JPMorgan Chase.
Lead investors include JPMorgan Chase.
Ligado Networks Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 1 Ligado Networks investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialLigado Networks Competitors
Ligado Networks competitors include listed companies like SpaceX, EchoStar, AST SpaceMobile and China Satellite, and private ones like ICEYE and Helium.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $289M | $115M | $12B | 40.3x | ||
| Private | - | - | $1.2B | - | ||
| Publicly listed | $19B | $3.9B | $2.0T | - | ||
| Publicly listed | $15B | ($16B) | $27B | 3.1x | ||
| Publicly listed | $71M | ($419M) | $19B | 148.3x | ||
| Publicly listed | $394M | $263M | $15B | - |
Ligado Networks Public Comps
Ligado Networks is still privately-owned, but its public comps include SpaceX, Bharti Airtel, Equinix, Johnson Controls, American Tower, Digital Realty Trust, Nokia, Ciena, Telstra and Yangtze Optical Fibre.
| 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 | |||
| $24B | $3B | 4.0x | 3.7x | 31.0x | 20.0x | |||
| $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 | |||
This data is available for Pro users. Sign up to see all Ligado Networks competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Ligado Networks
| When was Ligado Networks founded? | Ligado Networks was founded in 1985. |
| Where is Ligado Networks headquartered? | Ligado Networks is headquartered in Reston, VA, United States. |
| Is Ligado Networks publicly listed? | No, Ligado Networks is a private, VC-backed company. |
| How much funding has Ligado Networks raised? | Ligado Networks has raised $4B across 2 funding rounds. |
| What was Ligado Networks' last funding round? | Ligado Networks' last funding round was a $3.9B strategic investment round in October 2020, led by JPMorgan Chase. |
| Who are Ligado Networks' investors? | Ligado Networks' investors include JPMorgan Chase. |
| Which companies are comparable to Ligado Networks? | Companies comparable to Ligado Networks include ICEYE, Helium, SpaceX, EchoStar, AST SpaceMobile and China Satellite. |
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