D-Orbit secured 15 million euros financing from the European Investment Bank (EIB) in September, marking the first time that the EIB has funded a space firm — the funds will advance the expansion of the company, whose goal is to redefine the standards of the orbital transportation industry.
In March, the company had already secured a funding round of more than $10 million led by the Italian Neva F.I.R.S.T., Intesa Sanpaolo’s Corporate Venture Capital investment vehicle managed by Neva SGR, and some new and existing investors. Among the new investors are 808 Ventures, an Australian tech investor, the US-based View Different, Savim and two Italian private investment vehicles Geostazionaria and ClubDealOnline (contributing about $3 million).
Existing investors, such as Seraphim Capital, Noosphere Ventures, Elysia Capital, CDP Venture Capital Sgr., Nova Capital and TT Venture, also reaffirmed their commitment and trust in the company by incrementing their initial investments.
D-Orbit recently launched their ION Satellite Carrier, a satellite platform developed and operated in house that is able to host several satellites and deploy them in their precise operational slot in one or more orbits and the firm is completing the ground testing campaign of a new satellite carrier destined for a second, fully booked ION mission.
“We are truly grateful to all our shareholders, those who have just joined our Company and those who have believed in us from the very beginning, like Indaco SGR, Comoventures, and Il Club degli Investitori,” said Luca Rossettini, Founder and CEO of D-Orbit. “Their trust and support have enabled us to carry on with our roadmap through these extraordinary times reaching exceptional objectives.”