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D-Orbit Secures €15M Financing from EIB

26 Oct 2020, 11:48 UTC
D-Orbit Secures €15M Financing from EIB
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FINO MORNASCO, Italy (D-Orbit PR)– Despite the global challenges brought by the events of 2020, D-Orbit, an Italian systems and services provider for the space sector, is steadily moving forward with its roadmap.

In September, D-Orbit secured €15 million [$17.8 million] financing from the European Investment Bank (EIB), marking the first time that the EIB has funded a space firm. The funds will advance the expansion of the company, whose ultimate goal is redefining the standards ofthe orbital transportation industry.

In March, the company had already secured a funding round of over $10 million led by the Italian Neva F.I.R.S.T., Intesa Sanpaolo’s Corporate Venture Capital investment vehicle managed by Neva SGR, and some new and existing investors. Amongst the new investors we count 808 Ventures, an Australian tech investor, the US-based View Different, Savim and two Italian private investment vehicles Geostazionaria and ClubDealOnline (contributing with about $3 million).

Existing investors like Seraphim Capital, the world’s first space venture fund, Noosphere Ventures, a Silicon Valley-based asset management firm with a focus in the space market, Elysia Capital, an Italian investment fund that specializes in sustainable and innovative projects, CDP Venture Capital Sgr an asset management company focused on making venture capital ...

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