Monday, February 11, 2008

Universal Space Network Gains $18M

Newport Beach-based Universal Space Network said Monday that it has raised $18M in funding, in a combination of $13M in equity and $5M in debt. Universal Space Network provides outsourced space operations, and ground control and communications services, for the satellite industry. According to USN, the funding came from Warburg Pincus, which led the round, along with Swedish Space Corporation, Pistol Creek, Frost Group, LLC, and the Cycad Group, LLC. The debt portion of the funding came from Comerica Bank. More information »