Munich-based Isar Aerospace, a leading provider of satellite launch services, has secured an additional €65 million in a Series C funding round, bringing the total round to over €220 million. This extension increases the company’s total funding to more than €400 million.
The latest round includes investment from the NATO Innovation Fund (NIF), marking NIF’s first direct investment in a satellite launch provider. The NIF, backed by 24 NATO allies, supports deep tech companies addressing defense, security, and resilience challenges with over €1 billion in capital. Andrea Traversone, Managing Partner of NIF, stated, “Access to space is critical for Europe’s technological sovereignty. Isar’s technologies hold immense promise for building a secure and prosperous future.”
Other new investors include G3T, 10x Group, Besant Capital, Finadvice Med HOLDINGS, and LP&E. Existing investors such as Lakestar, Earlybird, Airbus Ventures, Bayern Kapital, and UVC Partners also contributed to the extension.
Advertisement
Advancing Next-Gen Rockets
Founded in 2018, Isar Aerospace specializes in developing and manufacturing launch vehicles for small to medium-sized satellites. Their flagship product, the two-stage orbital launch vehicle “Spectrum,” is optimized for deploying satellite constellations.
With the recent funding, Isar Aerospace plans to establish a commercial production facility near Munich in partnership with VGP Group. This facility will enable the production of up to 40 Spectrum launch vehicles annually, meeting the increasing demand for satellite launches from both private and public sectors.
Daniel Metzler, co-founder and CEO of Isar Aerospace, emphasized the importance of the investment: “The NATO Innovation Fund’s investment is a strong vote of confidence in our approach and highlights the vital role of space technologies for our economies and societies. It also underscores the need for European governments to support and leverage private innovation.”
With this substantial investment, Isar Aerospace is set to enhance its capabilities and expand its influence in the global satellite launch market, contributing to Europe’s technological leadership and resilience.
