Funding

[Funding alert] British Spacetech Startup Open Cosmos Raises $50 million Series B Round Funding

Sep 25, 2023 | By Startup Rise EU

Open Cosmos – the leading space tech business making satellites that gather data to solve pressing global challenges – has raised $50 million in Series B funding from three leading impact investors, ETF Partners, Trill Impact and A&G.
Founder and CEO - Rafel Jorda Siquier

Open Cosmos – the leading space tech business making satellites that gather data to solve pressing global challenges – has raised $50 million in Series B funding from three leading impact investors, ETF Partners, Trill Impact and A&G.

The round also included Accenture Ventures, Banco Santander InnoEnergy Climate Tech Fund and Claret Capital Partners, with participation from Taavet Hinrikus and Kheng Nam Lee.

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The funding will be used to accelerate the company’s growth internationally and expand its offering to encompass sophisticated satellites and constellations as well as satellite-based analytics and insight solutions.Its aim is to allow all organisations to access the benefits of satellite data and insights to address global issues such as the climate crisis, the energy transition or the feasible use of natural resources.

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Open Cosmos is a leading space technology business, headquartered in the UK with facilities in Spain and Portugal. Founded in 2015, Open Cosmos uses small satellites to simplify access to space, ensuring that a greater number of organisations all over the world can benefit from the richness of satellite data to address their challenges.

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From monitoring agriculture to navigation solutions, Open Cosmos is dedicated to solving customer problems effectively and sustainably through space-derived insights.

Leading space-related technology company Open Cosmos has operations in Spain and Portugal as well as to its UK headquarters. Open Cosmos, a company established in 2015, employs tiny satellites to facilitate communication with space, guaranteeing that more groups throughout the world can take benefit of the depth of satellite data to tackle their concerns. Open Cosmos is dedicated to using space-derived information to effectively and sustainably solve customer issues ranging from monitoring agriculture to navigation solutions.

Read also - Paris-based Fintech Startup Fipto Raises €15 million in Seed Funding

About Open Cosmos

All of the satellite flights that Open Cosmos has sent out to this point have been entirely successful. Additionally, following the achievement of DataCosmos, the National Commission for Aerospace Research and Development (CONIDA) selected Open Cosmos to develop a data platform aimed at transforming the transmission of geospatial data in Peru.

In order to revolutionize significant sectors and achieve Peru's sustainable development goals, this will grow on the platform's successes and make it simpler for more than 2,500 government and private entities to access a variety of geospatial data.

Read also -Zurich-based Fintech Startup yeekatee Raises €575k in Additional Funding

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