Swarm raises $25M

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Satellite-based global connectivity company Swarm has closed a Series A financing round of $25 million. The investment was led by Craft Ventures and Sky Dayton, founder of EarthLink and Boingo. Social Capital, 4DX Ventures and NJF Capital also participated in the investment.

“In less than two years, we have designed, built, and launched seven operational satellites into Low Earth Orbit, and we’re just getting started,” Swarm CEO and co-founder Sara Spangelo said in a blog post.

[Image courtesy: Swarm]