Tag: EIB

Spire Global, European Investment Bank Announce Venture Debt Financing Agreement

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LUXEMBOURG (Luxembourg Space Agency PR) — On 3 December at Web Summit 2020, the European Investment Bank (EIB), and Spire Global announced a venture debt financing agreement of up to €20 million.

According to the European Investment Bank, the financing supports Spire Global’s nanosatellite development and launches, space infrastructure, data analytics, and high-skilled job creation in Luxembourg and the EU. It also represents the first-ever direct EIB financing for the emerging European “New Space” industry.

The financing will back capital expenditure and research and development (R&D) activities to further develop Spire’s constellation of small satellites and high-quality maritime, aviation and weather space data and analytics. It will also back the development of new software applications for customers and create high-skilled jobs in Luxembourg.

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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 of
the orbital transportation industry.

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ICEYE Raises $87 Million Series C Round to Expand Radar Imaging Services

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Helsinki, FINLAND – September 22, 2020 – ICEYE, a World-leading SAR data provider, today announced the closing of a larger than planned $87M Series C funding, led by return investor True Ventures, with a significant additional investment by OTB Ventures.

ICEYE has so far successfully launched 5 satellite missions, starting with the first ever small SAR satellite launched in January 2018. The company is launching 4 additional SAR satellites this year and is on course to launch at least an additional 8 in 2021. This will grow the existing operational constellation into a capability that is unique in the World. To date, ICEYE has raised a total of $152M in financing.

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