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[Funding alert] Fino Mornasco-based D-Orbit Secures €100m in Series C Round Funding

Jan 13, 2024 | By Startup Rise EU

Fino Mornasco-based D-Orbit Secures €100m in Series C Round Funding. Leading the round was Marubeni Corp. with assistance from CDP VC, United Ventures, Indaco Venture Partners, Neva SGR, Primo Ventures, Avantgarde, and Seraphim Space Investment Trust.

Fino Mornasco-based D-Orbit Secures €100m in Series C Round Funding. Leading the round was Marubeni Corp. with assistance from CDP VC, United Ventures, Indaco Venture Partners, Neva SGR, Primo Ventures, Avantgarde, and Seraphim Space Investment Trust.

The company wants to use the cash to continue to extend its space logistics service into in-orbit servicing and space cloud computing, and to grow its capabilities in the U.S., Europe, and the United Kingdom. D-Orbit is a market leader in the space logistics and transportation services sectors, having been founded in 2011 and being run by CEO Luca Rossettini.

Read also -  Zurich-based Payment Fintech Company Rivero Secures €6.3 Million in Series A Round Funding

Through an incremental strategic approach to the space marketplace, the company has developed proprietary space logistics technology and transportation solutions to deliver customer outcomes today while developing cutting-edge products and services for tomorrow's needs. This has accelerated the growth and development of the space economy.

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The company offers ION Satellite Carrier, a vehicle that can transport satellites in orbit and release them one at a time into separate orbital slots, and a proprietary suite of cloud-based mission control software that can manage entire constellations of satellites. The company has already flown over 70 payloads.

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They have completed 13 ION orbital transfer missions, with Spire Global, AAC Clyde Space, and Alba Orbital among their clientele.

About D-Orbit

With a history of space-proven technologies and successful missions, D-Orbit is a global market leader in the transportation services and space logistics sectors.

Read also - Spanish Mobility Company Cabify was Secures €15 Million loan from BBVA Spark

Through an incremental strategic approach to the space marketplace, the company has developed proprietary space logistics technology and transportation solutions to deliver successful customer outcomes today while developing cutting-edge products and services for the needs of tomorrow. This has accelerated the growth and development of a trillion-dollar space economy.

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