European newspace industry gains more financing

by | Sep 23, 2020 | Finance, Seradata News, Technology

Finland-based, ICEYE, announced on 22 September 2020 the completion of its Series C round of financing, raising US$87 million. ICEYE was formed in 2014 to develop SAR (Synthetic Aperture Radar) capabilities in a microsatellite package. Its first satellite, ICEYE X1, was launched in 2018 and weighed just 70 kg.

With the addition of the Series C funds, the company has now raised a total of US$152 million in financing. This new infusion of cash will support the company’s plans to launch a further four satellites this year, to be joined by eight more in 2021. It will also support its American endeavours – ICEYE established a US office early this year, with eyes on finding a site for a US-based production line.

Corporate logo of ICEYE. Courtesy of ICEYE.

 

Additional activity in the European newspace market is being generated around Spanish company PLD Space. This company was formed in 2011 and intends to develop the first re-usable, European, rockets. A Series B financing round, which is in progress for the company has received an boost of EUR€7 million (US$8.2 million), courtesy of Spanish investment bankers Arcano Partners.

It is aiming to launch its sub-orbital Miura 1 rocket in late-2021. This will then lead the way to the orbit-capable Miura 5.

About Seradata

Seradata produce the renowned Seradata database. Trusted by over 100 of the world’s leading Space organisations, Seradata is a fully queryable database used for market analysis, failure/risk assessment, spectrum analysis and space situational awareness (SSA).

For more information go to https://www.seradata.com/product/

Related Articles

Categories

Archives

Tags

nasaspacexecoreviewsissesaArianespacevideochinaFalcon 9v1.2FT Block 525virgin galacticULAfalcon 9RoscosmosevaDGAspacewalkaviation weekaressoyuzIGTInternational Space StationBeidouawardsRocket LabBlue OriginspaceStarlinkSatellite broadcastingrussiamoonAirbus DSISROCargo Return VehicleboeingmarsblogresearchOneWebspaceshiptwojaxaorionmarsimpactdelayhyperbolaEutelsatdemocratrocketlunarhypertextobamagoogle lunar prizelaunchVegabarack obamaconstellationSEStourismnorthfiguresthales alenia spacespaceflightnode 2fundedRaymond LygoIntelsat2009Lockheed MartinExpress MD-2Elon MuskAtlas Vromess2dassault aviationaviationLucy2008wk2sstlukradiomissilesuborbitaldocking portexplorationAriane 5 ECAVirgin OrbittestinternetLong March 2D/2sts-122Ariane 5Northrop GrummanSLSChina Manned Space EngineeringElectronflightspace tourism2010cotsnewspapermissile defensegalileospaceportExpress AMU 1Long March 4Cbuildspace stationaltairsoyuz 2-1aProton Minternational astronautical congressshuttleEuropean Space AgencyLauncherOneCosmosIntelsat 23scaled compositeshanleybudgetspace shuttlerulesnew yorkAriane 6shenzhouatvVietnamcongressMojaveboldenLong March 2COrbital ATKInmarsatcnesnew shepardiaclunar landerGuiana Space CenterkscApollolawsSpace Systems/LoralUK Space AgencyLong March 4BKuaizhou 1AILSprotonUS Air ForceTalulah RileydarpaElectron KSFalcon 9v1.2 Block 5Vega CeuAstriumSkylonpicturebaseusaastronautdragonlanderfiveeventTelesatNorth KoreaSSLAprilSNC50thinterviewLong MarchSea LaunchfalconWednesdaycustomerlinkatlantissuccessor