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.
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.