Dcubed, a Munich, Germany-based NewSpace supplier, raised an undisclosed amount in Series A funding.
The round was led by Expansion BayBG, with participation from High-Tech-Gründerfonds, Rymdkapital, Ventis Capital, Decisive Point Europe and Aurelia Foundry.
The company intends to use the funds to quadruple production of actuators (tapping into a forecast of over 100,000 satellite in the next years), pioneer in-space manufacturing (enabling high power satellites or spacetug satellite taxis while opening the door to future innovations like space solar power or lunar bases) and open a U.S. office (extending presence in the world´s largest NewSpace market, and establishing a U.S. team under the leadership of Andria Fortier).
Led by CEO Thomas Sinn, Dcubed is a supplier of actuators for new space applications. It leverages patented Shape Memory technology and proprietary Origami structures to create products that aims to outperform traditional space exploration subsystems on every critical dimension including weight, size, cost, durability, reusability, and availability.
Going forward, the company will benefit from the sharp increase in expected satellite launches – predicted to add more than 100,000 satellites to the currently 10,000 satellites in the next few years. To meet this demand, Dcubed will continue standardizing its products and facilitate future sales by introducing an online store for space products. This online shop will allow customers to order their products just as they do with other major online retailers.
Dcubed opened a U.S. office in Westminster, Colorado.
FinSMEs
06/08/2024