Isar Aerospace
Assembly Line
German satellite launch service company Isar Aerospace extends Series C by €65M+
Munich-based Isar Aerospace, a space technology company that offers launch solutions for satellite constellations, announced that it has expanded its Series C funding round by more than €65M, reaching a total of more than €220M. This extension includes investment from the NATO Innovation Fund (NIF), a VC fund backed by 24 NATO Allies. With over €1B at its disposal, the NIF supports deep tech companies focused on addressing challenges in defence, security, and resilience. This is NIF’s first direct investment in a satellite launch provider.
The round also saw participation from several new investors, including the European family office G3T and 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 round.
Isar Secure $20M in Growth Debt from US-based ATEL Ventures
German launch provider Isar Aerospace has secured $20 million (€18.39 million) in growth debt from California-based ATEL Ventures.
Munich-based Isar Aerospace is developing its two-stage Spectrum rocket, which is designed to deliver payloads of up to 1,000 kilograms to low Earth orbit. According to reporting from industry consulting firm Euroconsult, the company is also planning a larger version of the rocket, currently being referred to as Spectrum 2. This larger vehicle will be capable of delivering up to 4,000 kilograms to low Earth orbit.
ATEL Ventures announced the completion of the growth debt agreement with Isar on 4 June, stating that the company would use the facility to purchase “state-of-the-art equipment used in the production of its launch vehicles.” ATEL’s deal with Isar is not its first foray into the launch market, having previously invested in a US-based launch startup, Stoke Space.