Isar Aerospace, a Munich, Germany-based launch service provider for small and medium-sized satellites, received $20M in growth debt funding.
ATEL Ventures provided the financing.
The company intends to use the funds to finance the purchase of the equipment used in the production of its launch vehicles.
Founded in 2018 as a spin-off of Technical University Munich, Isar Aerospace develops and builds launch vehicles for transporting small and medium-sized satellites as well as satellite constellations into Earth’s orbit. Since then, the company has grown to more than 400 employees with many years of hands-on rocket know-how and experience within other high-tech industries.
Isar Aerospace is developing Spectrum, a two-stage rocket specifically designed to launch small to medium satellites and satellite constellations into orbit.
FinSMEs
04/06/2024