• Skip to main content
  • Skip to primary sidebar
  • Home
  • News
  • Featured
  • More News ⌄
    • SatNews
    • SatMagazine
    • MilSatMagazine
  • Events ⌄
    • SmallSat Symposium
    • Satellite Innovation
  • Contacts
  • SUBSCRIPTION

SmallSat News

You are here: Home / Featured / D-Orbit Secures 15M Euros Of Financing

D-Orbit Secures 15M Euros Of Financing

October 22, 2020 by editorial

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.

Executive Comment

Luca Rossettini

“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.”

Filed Under: Featured, News

Primary Sidebar

WEEKLY NEWSLETTER

Archives

  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019

© 2019–2021 SatNews

x
Sign Up Now!

Enjoy a free weekly newsletter with recent headlines from the global SmallSat industry.

Invalid email address
We promise not to spam you. You can unsubscribe at any time.
Thanks for subscribing! You will now receive weekly SmallSat News updates.
We love our advertisers.
And you will too!

Please disable Ad Blocker to continue... We promise to keep it unobtrusive.
We promise not to spam you. You can unsubscribe at any time.
Invalid email address
Thanks for subscribing! Please check your email for further instructions.