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The Company was founded by a group of highly experienced satellite, DTH, telecommunications and infrastructure finance executives from Hughes, DirecTV, Loral and other major aerospace companies.  The Company received the early backing of an impressive list of private equity funds including New Enterprise Associates (NEA) and VantagePoint Venture Partners (VPVP) that together manage more than $24 billion in committed capital.  With this backing and subsequent rounds of funding, ProtoStar intends to bring innovative satellite services to Asia’s growing DTH market.
March 2005
Initial equity funding from investors New Enterprise Associates (NEA) and SpaceVest (now RedShift Ventures)

August 2006
ProtoStar receives commitment for a $40 million investment into the Series B round lead by VantagePoint Venture Partners with participation from existing investors.

August 2006
ProtoStar appoints Steven Dorfman, former Vice Chairman of Hughes Electronics, as Chairman of the Board.

September 2006
ProtoStar Ltd. completes  $210 million in financing for ProtoStar I which was preceded by a $40 million investment into the Series B round earlier in the year for cumulative financing of $250 million.

December 2006
ProtoStar awards Space Systems/Loral a contract to undertake modifications on the ProtoStar I satellite (formerly Chinasat-8) for delivery in Q2 2008.

February 2007
ProtoStar awards the launch contract for ProtoStar I to Arianespace for a Q2 2008 launch.

April 2007
ProtoStar expands its Asian presence with the opening of a new Singapore office, appoints Dr. Eui Koh as President of ProtoStar Asia and expands its staff at its new Singapore office.

January 2008
Boeing awarded the contract for the ProtoStar II satellite

March 2008
ProtoStar secures US$245 million of financing for its second satellite, ProtoStar II

July 2008
ProtoStar I Successfully Carried to Orbit on Ariane 5; Satellite to Serve the Asian DTH Market

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