From EU-Startups, November 12:
“One satellite per week” – That’s the aim of France’s U-Space with its new €24 million raise
Toulouse-based SpaceTech startup U-Space, a satellite constellation manufacturer, has raised a €24 million Series A round with investment bank Avolta acting as exclusive advisor – propelling the company into a new phase of industrial and international growth.
The round saw participation from Blast, Definvest, Expansion, CapSpace, ARIS, Primo Space, Audacia co-invest, and Vertech Finance, to support its industrial ramp-up and international expansion.
“Avolta’s role was decisive in this fundraising. Their expertise in the SpaceTech market, their ability to structure a complex operation, and their strategic support enabled us to reach a key milestone in our industrial and international development. Their dedication and commitment by our side truly made the difference in this operation,” said Fabien Apper, President and co-founder, U-Space.
Across the continent, several rounds underscore the breadth of activity in satellite manufacturing, launch systems, and connectivity technologies:
UNIVITY (France, Paris) – €31 million to accelerate its space-based 5G satellite constellation....
....MUCH MORE
