European startup Atmos raises €25.7 million to develop its orbital research capsules

A graphic showing Atmos’ Phoenix-2 capsule during re-entry,
protected by an inflatable shield. Click for more information.
The European startup Atmos announced today that it has raised an additional €25.7 million [$30 million] as part of its ongoing commercial program to develop its Phoenix orbital research capsules that will fly in space for several months — where products can be produced in weightlessness — and then return those products safely to Earth.
The funding will support an initial three-vehicle PHOENIX 2 fleet, the launch of ATMOS WORKS for governmental and defence customers, and development of PHOENIX 3, the company’s next-generation orbital return vehicle.
The round is co-led by Balnord and Expansion, and joined by Keen Defence and Security. The European Innovation Council (EIC) participates through its Accelerator programme via blended financing, combining grant and equity components. Additional investors include OTB Ventures, High-Tech Gründerfonds (HTGF), APEX Ventures, Seraphim, Faber, E2MC, Kirch Ventures, Lennertz & Co., Mätch VC, MBG Baden-Württemberg, and Tech Horizons.
Since the American company Varda successfully demonstrated there was money to be made flying these small recoverable capsules, investment capital has poured into this industry. In the U.S. Varda, Inversion Space, and Sierra Space, have raised money for doing such orbital work. In Europe, The Exploration Company in France, Atmos in Germany, PLD in Spain, Genesis in Croatia, and Space Cargo in Luxembourg have also raised capital.
At this moment, however, only Varda has successfully launched and recovered a capsule.

A graphic showing Atmos’ Phoenix-2 capsule during re-entry,
protected by an inflatable shield. Click for more information.
The European startup Atmos announced today that it has raised an additional €25.7 million [$30 million] as part of its ongoing commercial program to develop its Phoenix orbital research capsules that will fly in space for several months — where products can be produced in weightlessness — and then return those products safely to Earth.
The funding will support an initial three-vehicle PHOENIX 2 fleet, the launch of ATMOS WORKS for governmental and defence customers, and development of PHOENIX 3, the company’s next-generation orbital return vehicle.
The round is co-led by Balnord and Expansion, and joined by Keen Defence and Security. The European Innovation Council (EIC) participates through its Accelerator programme via blended financing, combining grant and equity components. Additional investors include OTB Ventures, High-Tech Gründerfonds (HTGF), APEX Ventures, Seraphim, Faber, E2MC, Kirch Ventures, Lennertz & Co., Mätch VC, MBG Baden-Württemberg, and Tech Horizons.
Since the American company Varda successfully demonstrated there was money to be made flying these small recoverable capsules, investment capital has poured into this industry. In the U.S. Varda, Inversion Space, and Sierra Space, have raised money for doing such orbital work. In Europe, The Exploration Company in France, Atmos in Germany, PLD in Spain, Genesis in Croatia, and Space Cargo in Luxembourg have also raised capital.
At this moment, however, only Varda has successfully launched and recovered a capsule.









