Funding

ATMOS Space Cargo Raises €25.7M Funding In Series A Round

Apr 22, 2026 | By Team SR

ATMOS Space Cargo has raised €25.7 million in a Series A round co-led by Balnord and Expansion Ventures, with backing from multiple investors including European Innovation Council.

SUMMARY

  • ATMOS Space Cargo has raised €25.7 million in a Series A round co-led by Balnord and Expansion Ventures, with backing from multiple investors including European Innovation Council.

Founded in 2021 and based in Germany, the company is building return infrastructure for space, enabling industries to send materials to orbit and bring them back efficiently.

Its PHOENIX platform is a reusable orbital transfer and return vehicle designed for missions in low Earth orbit, supporting in-space manufacturing, research, and defence applications.

With rising demand for microgravity manufacturing and limited return capabilities in Europe, ATMOS aims to strengthen independent access to space logistics.

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The company has already secured mission agreements and plans its first PHOENIX 2 recovery near the Azores, marking a key step in scaling its operations.

The new funding will enable ATMOS Space Cargo to run a three-vehicle PHOENIX 2 campaign, launch ATMOS WORKS for government and defence customers, and begin developing PHOENIX 3, a next-generation return vehicle with roughly ten times the payload capacity of PHOENIX 2.

According to Sebastian Klaus, CEO and co-founder, ATMOS Space Cargo the financing allows the company to move to regular operational service. “A structured campaign of three vehicles establishes Europe’s first routine orbital return infrastructure. PHOENIX 2 is the first step to build a scalable European return infrastructure that will demonstrate our ability to access, operate, and return materials, data, and hardware from orbit independently.

With ATMOS WORKS and PHOENIX 3, we are building the full architecture – commercial, institutional, and defence-capable – in parallel.”

About ATMOS Space Cargo

ATMOS Space Cargo designs and builds space capsules to return cargo from orbit. Its technology enables microgravity missions lasting from hours to months, supporting industries with flexible access to space-based research, manufacturing, and secure cargo return capabilities across a wide range of payload sizes.

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