BlackBridge Secures $22 Million for New Satellite Constellation

A new generation of RapidEye Satellites is underway

Berlin, Germany, May 15, 2014 – BlackBridge has secured $22 million (CDN) in funding from the Bank of Montreal (BMO) and the Business Development Bank of Canada (BDC) for the development of its next generation of satellites, RapidEye+, and for the renewal of existing credit facilities.  This financing will contribute to the development of a new satellite constellation that will enhance BlackBridge’s already remarkable imaging prowess, allowing the company to expand its current range of geospatial solutions.

BlackBridge CFO Richard Goode says of the investment, "We are pleased that both BMO and BDC have joined us in the development of our next generation of satellites. We are seeking strong long-term partners as we continue to grow our business, and both BMO and BDC provided the financial strength and commitment we were looking for.”

Mr. Braun, BMO, is enthusiastic about the project, “We are proud to be a part of BlackBridge’s RapidEye+ project, and we look forward to continued involvement as the new satellites are built.”

Matthew Kellow, Managing Director, Subordinate Financing with BDC states, “BlackBridge is a dynamic, growth-oriented, and forward-thinking company that is a great example of the type of company we are looking to partner with over the long-term. We are excited about furthering our partnership with the company and the new business opportunities that will result from RapidEye+.” 

About BlackBridge

BlackBridge is focused on providing end to end solutions across the geospatial value chain. This includes satellite operations, data center and geocloud solutions, and worldwide satellite imagery distribution through over 100 BlackBridge partners, combined with the creation of value added products and services.


Nicole Heringer
Marketing Communications Manager
Kurfürstendamm 22, 10th floor
10719 Berlin, Germany
(49) 030 609 8300 516

Review Article Be the first to review this article
Featured Video
Geospatial Analyst/Programmer for LANDIQ at Sacramento, California
SENIOR GIS GAS SPECIALIST for James W. Sewall Company at , Any State in the USA
GIS - Systems Analyst for City of Olathe at Olathe, Kansas
Senior Structural Engineer for Wiss,Janney, Estner Assoicates, Inc at houston, Texas
Specifications Consultant for Avitru at Nationwide, Georgia
Mechanical Engineer for Allen & Shariff Corporation at Pittsburgh, Pennsylvania
Upcoming Events
2018 Esri Federal GIS Conference at Walter E. Washington Convention Center Washington DC - Mar 20 - 21, 2018
FME World Tour 2018 at Munich Germany - Apr 17, 2018
FME World Tour 2018 at Berlin Germany - Apr 18, 2018
GEOINT 2018 Symposium at 333 S Franklin St Tampa FL - Apr 22 - 25, 2018
Teledyne Optech
University of Denver GIS Masters Degree Online - Countless CAD add-ons, plug-ins and more.

Internet Business Systems © 2018 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise