https://techcrunch.com/2021/03/30/iot-satellite-network-startup-hiber-secures-e26m-in-funding-round-led-by-eus-innovation-agency/

European satellite and communications startup, Hiber BV has secured €26 million in EU and private investment to expand its IoT satellite network.  The funding comes from the European Innovation Council Fund (EIC Fund), the EU’s innovation agency, which has a €278 million Innovation Fund. The EIC co-invested with an innovation credit provided by the Dutch government and existing shareholders. Other investors include Finch Capital, Netherlands Enterprise Agency and Hartenlust Group. Hiber’s satellite constellation tracks and monitors machines and devices in harder-to-reach places.

At the same time co-founder of Hiber, Laurens Groenendijk, is to step aside as managing director to turn his attention to “other investment initiatives” the company said in a statement. Steven Kroonsberg joins as CFO. Roel Jansen joins as CCO. Groenendijk has been Co-founder and Chief Executive Officer at Treatwell as well as a serial investor.