Open Cosmos Raises €300 Mn to Scale Satellite Manufacturing and Space Services

The funding round was led by European investors. It included ETF Partners, Lightrock, British Columbia Investment Management Corporation (BCI), Institut Català de Finances (ICF), and Entrepreneurs First.

Other investors in the round included Convex, the National Security Strategic Investment Fund (NSSIF), Phoenix Court, LocalGlobe and Latitude, and Claret Capital Partners.

Open Cosmos builds satellites and space-based services for governments, space agencies and businesses. Its work includes designing and manufacturing satellites, building satellite networks, providing connectivity and turning satellite data into useful information for customers.

Rafel Jorda Siquier, Founder and CEO of Open Cosmos, said: “Space infrastructure is becoming as critical as energy, digital networks and transport. Governments and enterprises increasingly require secure communications and operational data delivered through resilient systems. But infrastructure alone isn’t enough. The real value comes from the intelligence that relays what’s happening on Earth in real time and the global connectivity to deliver it.

“By bringing together satellites, secure communications and AI-powered data services, we’re creating a system that transforms information from orbit into something that governments and enterprises can act on. This investment allows us to accelerate that vision, satisfying the satellite manufacturing orders that governments and large companies are placing for our reliable and high-performance satellites and delivering the sovereign services the world needs.”

Ashish (Ash) Puri, Partner at Lightrock, said: “Lightrock is delighted to be leading Open Cosmos' funding round and supporting this European leader as it enters its next stage of growth in the space economy. The work of Open Cosmos, and the wider space infrastructure sector, underpins global energy, communications, security, and sustainability efforts. Open Cosmos' stellar mission record, manufacturing capability, and scientific expertise position it to become a global leader in this critically important sector, and we look forward to supporting the company on this journey.”

Open Cosmos will use the new funding to expand its space services and increase satellite production. The company plans to grow ConnectedCosmos, OpenConstellation and DataCosmos as it works to provide more connectivity and satellite data services.

The company will also hire more engineers, manufacturing staff and software professionals across the UK, Spain, Portugal and Greece. Open Cosmos currently has nearly 400 employees across these locations.

Read Also- Dutch FoodTech Startup Greencovery Secures €1 Mn for Cocoa Upcycling