Solyco Capital, a private equity group specializing in growth-stage companies in Detroit, has led a $7.3-million Series A funding round in SkyMirr, a leading innovator in advanced IOT/RF technology and devices in Melbourne, Fla.
The strategic investment is designed to accelerate SkyMirr’s growth in the rapidly expanding IoT and wireless communications markets.
Solyco Capital will provide not only financial backing but also critical business and operational guidance to propel SkyMirr’s innovative technologies into broader global adoption.
“Partnering with Solyco Capital marks a transformative milestone for SkyMirr,” says Eric (Youngmin) Jo, co-founder and CEO of SkyMirr. “Their expertise and support will be invaluable as we scale our groundbreaking RF-driven technologies to meet the demands of the next generation of wireless communication.”
John Garcia, Founding Partner at Solyco Capital, says “SkyMirr is at the forefront of innovation in the IoT and RF technology space, which aligns perfectly with our mission to support transformative businesses. We are thrilled to collaborate with SkyMirr, providing not only the capital they need to grow, but also the operational and strategic guidance to achieve their vision.”
Solyco Capital is a private equity group that delivers capital solutions for late-stage startup and growth companies. Solyco Capital leverages Solyco Advisors for strategic, sales, and operational support to help drive innovative companies to significant success.
In addition to its headquarters in Detroit, Solyco Capital has offices in Orange County, Dallas, and Miami. For more information, visit solycocapital.com/.
SkyMirr is a pioneering provider of advanced RF solutions, specializing in revolutionary antenna technology that meets the ever-increasing demands of modern wireless communications. For more information, visit skymirr.com/.
