Canadian Arctic Satellite Connectivity & Geospatial Monitoring
Low-Earth-orbit ground station network and geospatial analytics platform closing Arctic connectivity and climate-monitoring gaps.
Executive Summary
Series C funding for a ground-station and analytics network supporting LEO satellite connectivity across Canada's Arctic and sub-Arctic regions, serving remote communities, shipping-route monitoring, and permafrost/ice-sheet climate analytics. Anchor contracts with two federal agencies and a satellite operator underpin recurring revenue.
Investment Thesis
- 40+ Arctic communities remain unconnected or under-served by terrestrial broadband, with rising strategic and climate-monitoring demand.
- Federal government contracts for ice-route and permafrost monitoring provide durable, non-cyclical revenue.
- Ground-station partnership with a major LEO satellite operator secures long-term capacity access.
Use of Funds
Financial Snapshot
Transaction Structure
USD 88M Series C preferred equity, 1x non-participating liquidation preference, board seat for lead investor.
Risk & Mitigation
- · Satellite capacity dependency on single operator
- · Harsh-environment equipment durability
- · Government contract renewal risk
- Secondary capacity agreement with a second LEO operator in negotiation
- Equipment rated to military Arctic-operations specifications
- Multi-year federal contracts with track record of renewal
Timeline & Milestones
- 2024 Q4Series B — pilot ground stations
- 2025 Q3Federal agency contracts signed
- 2026 Q1Series C opened
- 2026 Q4Target close
- 2028 Q1Full network operational
Sponsor
Northern Lights Geospatial Corp
Northern Lights Geospatial Corp is a Canadian space-tech company founded by former national space agency engineers, with two prior satellite-data contracts delivered for federal clients.
ESG & Impact
- Connects 40+ remote Arctic and Indigenous communities
- Supports climate research on permafrost and sea-ice retreat
- Indigenous employment and training partnership program
Data Room
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