- Emxys, a space technology company, has raised €2 million in funding.
- The round was led by Mundi Ventures with participation from CDTI.
- Financing from the round will be used to develop the ODALISS project, an innovative platform for small satellites with laser communications.
ALICANTE, Spain – Emxys (Embedded Instruments & Systems), a Spanish company based in Alicante, has closed a €2 million [US $2.35 million] funding round led by Mundi Ventures and with participation from CDTI. Vinca Capital served as financial advisor and Gesem served as legal advisor to Emxys in the transaction.
With these funds, Emxys wants to boost the ODALISS project, which focuses on the development of CubeSats, small satellite platforms, featuring satellite-to-ground optical communications.
The ODALISS project arises from the need to improve data processing capacity in small satellites. ODALISS’ optical communication payload implements a two-way communication ground to satellite link with Infrared Laser.
It is based on an innovative and energy-efficient technology that seeks to replace traditional systems operating overcrowded radio frequency bands. Optical communications offer higher data transmission rates in small satellites and at a much lower cost.
José Antonio Carrasco, Emxys CEO, stated that “after this round of funding, Emxys is ready to become a leading producer of high-performance satellite platforms. The ODALISS nanosatellite platform, equipped with an innovative optical communications transceiver for Space-Earth links based on Emxys’ proprietary technology, is a disruptive proposition in the New Space market, which is characterised by its high data throughput requirements”.
Founded in 2007, Emxys has over 13 years of experience in the development of advanced electronic systems and their application to the space environment, especially nanosatellite-related technologies. They develop projects for space agencies and industrial contractors in space-related projects, providing reliable and competitive project management, as well as research and development services. So far, 24 space projects and 3 missions have been completed.
The technology company develops and produces equipment and integrated instrumentation, aimed at data capture and control systems for both scientific and commercial space applications. It focuses on four technological fields: space systems, biomedical engineering, scientific instruments, and defence systems. Its R&D laboratory and administrative facilities are located in the Scientific and Business Park of the Miguel Hernández University in Elche. Emxys is a spin-off of this university.
About Mundi Ventures
Alma Mundi Ventures is a Venture Capital fund investing in B2B tech and Insurtech startups across Europe, the United States and Israel. The investments range from early Seed and Series A, to Series B and later stages. The headquarters are in Madrid and offices in Barcelona, London and Tel Aviv. The portfolio includes startups in London, Paris, Amsterdam, Berlin, Tel Aviv, San Francisco and New York. They bring value to entrepreneurs by leveraging their Limited Partners, leading European insurers, and a global network, called the Mundi Club, which groups more than 750 C-level executives in more than 50 cities worldwide.
The Center for Industrial Technological Development (CDTI) is a Spanish public entity that seeks to support innovation, through advice and investment; offering partially refundable grants, being its main objective to improve the technological level of Spanish companies. In this case, the CDTI has participated through its program Innvierte, which promotes business innovation by supporting venture capital investment in technology-based or innovative companies.