PLD Space Closes a Series B Investment Round of $28 Million

ARION1 booster (Credit: PLD Space)
  • The operation, led by Arcano Partners, Aciturri and the Centre for the Development of Industrial Technology (CDTI), has allowed the consolidation of previous company shareholders and the entry of new strategic financial partners. 
  • ArcanoBlueBull, Arcano’s specialized Tech M&A division, in addition to strengthening its investment through its IMASDE fund, has served as financial advisor to the round.
  • The investment enables the Spanish firm to advance in its next strategic milestones, such as the launch of its MIURA 1 suborbital rocket in 2022 and the MIURA 5 orbital in 2024, as well as expanding its productive and personnel capacities.

ELCHE, Spain (PLD Space PR) — PLD Space, the Spanish company that leads the space launch business for small satellites in Europe, has just closed a Series B funding round of $28 million. The operation, led by Arcano Partners, Aciturri and the Centre for the Development of Industrial Technology (CDTI) through the co-investment initiative of Innvierte program, has had the accompaniment of previous company shareholders, who have been able to strengthen their participation, and the entry of new strategic financial partners. ArcanoBlueBull, Arcano’s specialized Tech M&A division, in addition to strengthening its investment through its IMASDE fund, has served as financial advisor to the round.

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Software-defined OneSat Ready for Production

Called “OneSat”, the design was developed in an ESA Neosat Partnership Project with satellite manufacturer Airbus, which has now sold seven different OneSats to various commercial customers. The satellites will be used to revolutionise in-flight connectivity for passengers on board planes, as well as to bridge the digital divide by connecting communities in remote areas. (Credit: Airbus)

PARIS (ESA PR) — The latest type of telecommunication satellite that can respond from space to changing demands on Earth is about to start assembly of its electronic components.

The highly flexible satellite is setting a new paradigm for geostationary telecommunication satellites, by using off-the-shelf commercial components in the standardised physical hardware and using just software to configure bespoke missions.

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CDTI Joins JME Venture Capital and ALZIS in Investing in PLD Space

Artist’s impression of the MIURA 5 orbital rocket in space. (Credit: PDL Space)
  • PLD Space has to date obtained over 28 million [$34.3 million] euros of private investment and institutional support, mainly in Spain
  • PLD Space is preparing to launch MIURA 1 towards the end of 2022

ELCHE, Spain, 17 December 2020 (PLD Space PR) — The Ministry of Science and Innovation’s CDTI agency has acquired a stake in PLD Space through its Innvierte programme. This initial tranche of 450,000 euros [$551,880] in a bridge financing round could subsequently be supplemented by further economic contributions up to a maximum of 15 million euros [$18.4 million] if so requested by the those investing in the forthcoming Series B.

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Emxys Raises €2 Million in Venture Funding to Develop ODALISS

  • 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.

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Austrian Research Promotion Agency Signs Joint Statement on Institutional Use of Ariane 6, Vega C

Artist’s view of the configuration of Ariane 6 using four boosters (A64) (Credit: ESA – D. Ducros)

PARIS, 30 January 2019 (ESA PR) — This morning, the Austrian Research Promotion Agency added its signature to the joint statement signed by other European institutions (ASI, ESA, CDTI, CNES & DLR) and the Swiss Confederation in October last year in support to the European launcher industry and to Ariane 6 and Vega-C.

Through this Statement, signatories recognise the benefit of aggregating their institutional demand for launch services to ensure an independent, cost-effective, affordable, and reliable access to space for Europe.

Klaus Pseiner, Managing Director at the Austrian Research Promotion Agency (Österreichische Forschungsförderungsgesellschaft, FFG) signed the joint statement in the presence of Jan Wörner, ESA’s Director General, and Daniel Neuenschwander, ESA Director of Space Transportation, at ESA Headquarters in Paris.

Space capacities are strategically important to civil, commercial, security and defence-related policy objectives. Space is an enabler for responding to societal challenges and for stimulating job and growth creation. Europe needs to maintain a leading position in this sector. Europe’s autonomy of action in space is conditional on autonomy in accessing space.











Self Driving Rovers Tested in Mars-like Morocco

SherpaTT rover during Morocco field test. (Credit: DFKI GmbH, Florian Cordes)

PARIS (ESA PR) — Robots invaded the Sahara Desert for Europe’s largest rover field test, taking place in a Mars-like part of Morocco. For two weeks three rovers and more than 40 engineers tested automated navigation systems at up to five different sites.

This marked the end of the first phase of the strategic research cluster on space robotics technologies, a scheme funded by the European Union’s Horizon 2020 programme.

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