[Funding alert] Kurs Orbital Secures €3.7 Million in Seed Funding

Founded in 2022, the firm seeks to provide dependable and affordable rendezvous and docking technology in order to democratize in-orbit service options, such as space debris removal, satellite transfer, de-orbiting, and satellite inspections.

Volodymyr Usov, the CEO and co-founder of Kurs Orbital, was the former chairman of the State Space Agency of Ukraine.

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In order to facilitate transportation, life extension, in-orbit servicing, space debris removal, and other applications, the company has developed ARCap, a single, standardized rendezvous module that can be integrated into any kind of satellite, orbital transfer vehicle (OTV), cargo/crewed ship, or spacecraft bus that the customer uses.

The module allows the logistics and servicing sectors to grow, as they would not have been able to afford to operate in the orbital market without it.

According to Usov: “This round is critical for our next step - delivering powerful and cost-effective rendezvous technology to the market”, said “With the help of our investors we will be able to reach the market sooner, enabling many other startups and companies to start debris removal and satellite servicing operations that are vital for sustainable space activities.”

Leading the round was OTB Ventures, which was followed by Credo Ventures, Obloo Ventures, Galaxia (the Italian National Technology Transfer Hub for Aerospace of CDP Venture Capital), and Piemonte Next, a regional co-investment fund established and managed by CDP Venture Capital, Finpiemonte, In-Q-Tel (IQT), and Inovo.

Wojtek Walniczek, Partner at OTB Ventures, said: “Kurs Orbital’s team, building off a long and rich legacy of designing and creating rendezvous and docking systems in an agency context, immediately struck us as the right combination of deep and unique expertise combined with a fresh look at the technology and market. It is a great example of our investment strategy in the wider in-space servicing market. The timing is just right with the changing paradigm of space environment, so the company is uniquely positioned to commercialise and provide this foundational platform for future space operations. We made sure to bring together a robust investor consortium to establish Kurs Orbital on a solid footing and enable its dynamic development timeline.”

With the goal of becoming the top supplier of this platform technology, the seed money will help Kurs Orbital finish its first flight model more quickly and enable team growth and integrated testing.

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About Kurs Orbital

By enabling satellite life extension and space debris removal missions, Kurs Orbital's fleet of reusable servicers, dispersed across several orbits, ensures safe and sustainable orbits for future generations.