Funding

EnduroSat Raises $104M To Boost Production Of Next-Generation Small Satellites

Oct 31, 2025 | By Kailee Rainse

Sofia-based EnduroSat has raised $104 million in a new funding round led by Riot Ventures, with participation from Google Ventures, Lux Capital, the European Innovation Council Fund, and Shrug Capital.

SUMMARY

  • Sofia-based EnduroSat has raised $104 million in a new funding round led by Riot Ventures, with participation from Google Ventures, Lux Capital, the European Innovation Council Fund, and Shrug Capital.

The company aims to simplify access to space data through its innovative satellite technology.

EnduroSat designs, builds, and operates advanced small satellites and modules, helping organizations deploy and manage missions faster and more efficiently.

The funding aligns with the launch of its state-of-the-art Space Center in Sofia, a 188,340-square-foot facility capable of producing up to two 200–500 kg satellites per day. Equipped with RF and mechanical labs, ISO-class clean rooms, and space qualification facilities, the center boosts global scalability, reliability, and cost efficiency in satellite manufacturing.

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Raycho Raychev, EnduroSat CEO and founder, said: This latest investment, combined with the launch of our new Space Center, marks a pivotal moment. It not only validates our strong market traction but significantly accelerates our ability to deliver highly capable, cost-effective satellite constellations at an unprecedented scale moving us closer to a future where space data will become universally accessible and instantly available.

The new funding will help EnduroSat expand its production capacity for advanced constellation clients, enabling faster time-to-orbit with the ability to manufacture up to two ESPA-class satellites per day.

Founded in 2015, EnduroSat designs, builds, and operates advanced satellites, simplifying space missions from concept to orbit. Serving 350+ global customers, it supports LEO and deep-space operations with a team of 230+ professionals across six international locations.

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