SWISSto12 Expands Space Technology with €61 Mn in Series C Round

The company will use the funding to expand its satellite and multi-orbit payload business and meet the growing demand from commercial and government customers.

The investors in this funding round were not disclosed by the company.

Earlier, in January, SWISSto12 also received €73 million ($84.8 million) from European Space Agency (ESA) Member States through the HummingSat ARTES partnership project, which supports the development and testing of its HummingSat satellite.

Fredrik Gustavsson, Chief Financial and Strategy Officer of SWISSto12, said, “The financial picture at SWISSto12 is robust and primed for global growth. $140 million in revenue for 2025, more than $500 million in customer contracts, and a 110% compound annual growth rate since 2022. These are the signals of an agile business, deploying capital efficiently, and operating at scale in a fast-growing industry. This Series C accelerates us further to meet strong demand from a space, satellite and telecommunications market that’s evolving and growing at pace.”

Emile de Rijk, CEO and founder of SWISSto12, says, “Space is increasingly recognised as essential infrastructure for the global economy. In this expanding market, our solutions across payload and satellite lines are creating significant new opportunities for customers. Our products are supporting exciting new customer missions – from direct-to-device connectivity to media broadcasting, intersatellite data relays or sovereign communications infrastructure – many of which span multiple orbits. This Series C funding round accelerates our ability to execute on this growing demand across any payload, any platform and any orbit.”

Founded in 2011 by Emile de Rijk, SWISSto12 is a SpaceTech company that develops advanced satellite technology using its patented design and 3D printing technology. It builds innovative satellite payloads for different types of space missions.

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Its payloads can be used on third-party satellites or on the company's own HummingSat, a compact geostationary satellite platform designed for a wide range of missions and orbits.