Phaistos Investment Fund

Luxembourg, Dhahran, Athens. 01 September, 2022 – OQ Technology, a global 5G IoT (Internet of Things) satellite operator, has closed a €13 million  Series A funding round led by Wa’ed Ventures, the venture capital arm at Aramco (the Saudi oil and gas company), and Phaistos Investment Fund, managed by 5G Ventures in Greece.

Luxembourg, 1 September 2022 – OQ Technology, a global 5G IoT (Internet of Things) satellite operator, has closed a 13 million Euro Series A funding round led by Wa’ed Ventures, the ventue capital arm at Aramco (the Saudi oil and gas company), and Phaistos Investment Fund, managed by 5G Ventures in Greece.