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Global-IP Completes Major Equity Round

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Company plans to launch its first high throughput satellite (HTS) serving Sub-Sahara Africa with over 150 Gbps capacity.

Global-IP Cayman (‘GIP’), a privately owned company completed last week its first major equity funding through issuance of Series-A preferred shares.

GIP was founded by three satellite industry veterans with seed financing from the founders. The founders, Emil Youssefzadeh, Bahram Pourmand, and Umar Javed, collectively have over 75 years of experience in development and sale of satellite systems and services in the emerging markets. GIP intends to offers service in about 30 countries in sub-Sahara Africa starting in 2019.

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