German rocket startup Isar raises another €65 million in investment capital
The German rocket startup Isar Aerospace has now raised an additional €65 million in investment capital, bringing the total invested in the company to €400 million ($428 million).
Interestingly, a major backer appears to be a governmental entity.
The funding round extension received significant involvement from the NATO Innovation Fund (NIF), a venture capital fund backed by 24 NATO allies focused on addressing challenges in defence, security, and resilience.
…In addition to NIF, the funding round included contributions from G3T, 10x Group, Besant Capital, Finadvice Med HOLDINGS, LP&E, and existing investors Lakestar, Earlybird, Airbus Ventures, Bayern Kapital, and UVC Partners.
Isar has deals to launch its proposed Spectrum orbital rocket from French Guiana and from the new commercial spaceport in Andoya, Norway. The company however initially promised in 2021 that its first launch from Andoya would take place in 2022, with no launch occurring. In fact, of the three German rocket startups, Isar is the only one to so far not do a test launch of any kind, and it is presently unclear when that first orbital test launch of Spectrum will occur.
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The German rocket startup Isar Aerospace has now raised an additional €65 million in investment capital, bringing the total invested in the company to €400 million ($428 million).
Interestingly, a major backer appears to be a governmental entity.
The funding round extension received significant involvement from the NATO Innovation Fund (NIF), a venture capital fund backed by 24 NATO allies focused on addressing challenges in defence, security, and resilience.
…In addition to NIF, the funding round included contributions from G3T, 10x Group, Besant Capital, Finadvice Med HOLDINGS, LP&E, and existing investors Lakestar, Earlybird, Airbus Ventures, Bayern Kapital, and UVC Partners.
Isar has deals to launch its proposed Spectrum orbital rocket from French Guiana and from the new commercial spaceport in Andoya, Norway. The company however initially promised in 2021 that its first launch from Andoya would take place in 2022, with no launch occurring. In fact, of the three German rocket startups, Isar is the only one to so far not do a test launch of any kind, and it is presently unclear when that first orbital test launch of Spectrum will occur.
Readers!
Please consider supporting my work here at Behind the Black. Your support allows me the freedom and ability to analyze objectively the ongoing renaissance in space, as well as the cultural changes -- for good or ill -- that are happening across America. Fourteen years ago I wrote that SLS and Orion were a bad ideas, a waste of money, would be years behind schedule, and better replaced by commercial private enterprise. Only now does it appear that Washington might finally recognize this reality.
In 2020 when the world panicked over COVID I wrote that the panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Only in the past year have some of our so-called experts in the health field have begun to recognize these facts.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
You can support me either by giving a one-time contribution or a regular subscription. There are four ways of doing so:
1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.
2. Patreon: Go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
3. A Paypal Donation or subscription:
4. Donate by check, payable to Robert Zimmerman and mailed to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
You can also support me by buying one of my books, as noted in the boxes interspersed throughout the webpage or shown in the menu above.
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