Orbital tug startup D-Orbit raises another 150 million euros
The orbital tug company D-Orbit announced today that it was able to extend its more recent round of fund-raising by 50 million euros, and raise a total of 150 million in private investment capital instead.
Japan’s Marubeni Corp. led the Series C round. Marubeni has exclusive rights to distribute D-Orbit’s services in Japan in Southeast Asia, according to the news release.
New and existing investors participating in the round include: Avantgarde, CDP Venture Capital, Iberis Capital, Indaco Venture Partners, the European Innovation Council, Neva, Phaistos Investment Fund, Primo Ventures and Seraphim Space Investment Trust. Also joining the round was a consortium led by United Ventures that included the European Investment Bank and the European Investment Fund.
I call the company a “startup” in the headline, but that probably is now incorrect. It already has flown fourteen orbital tug missions, with seven more scheduled in 2025. At this point it is well established, and could extend this most recent funding round.
The orbital tug company D-Orbit announced today that it was able to extend its more recent round of fund-raising by 50 million euros, and raise a total of 150 million in private investment capital instead.
Japan’s Marubeni Corp. led the Series C round. Marubeni has exclusive rights to distribute D-Orbit’s services in Japan in Southeast Asia, according to the news release.
New and existing investors participating in the round include: Avantgarde, CDP Venture Capital, Iberis Capital, Indaco Venture Partners, the European Innovation Council, Neva, Phaistos Investment Fund, Primo Ventures and Seraphim Space Investment Trust. Also joining the round was a consortium led by United Ventures that included the European Investment Bank and the European Investment Fund.
I call the company a “startup” in the headline, but that probably is now incorrect. It already has flown fourteen orbital tug missions, with seven more scheduled in 2025. At this point it is well established, and could extend this most recent funding round.