In The News

In The News | Technical.ly | Michelai Graham | December 23, 2020

Super Money Moves: These 10 DC-area companies closed major VC deals in 2020

It’s almost the end of the year and these startups and growth companies are still thriving through the pandemic. Here’s a recap of some of the most interesting venture capital deals D.C.-area companies closed this year.

Ligado Networks closed a $100 million venture round

Reston, Virginia-based satellite communications company Ligado Networks closed $100 million in funding as it continues to build on its 5G Internet of Things networks. This large funding raise came after the company received FCC approval to “update its spectrum licenses to provide new 5G services.” Ligado has been testing its 5G tech for several years, so a funding raise will take the company into the next phase of development for its wireless ecosystem.

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