Existing investors, for example, the German Seed fund Freigeist Capital, also joined the round.
EnduroSat is headquartered in Luxembourg but has its main R&D operations in Bulgaria. Its stated aim is to “transform the complex satellite industry into a streamlined data service, enabling instant access and transactions with space data on the cloud from hundreds of sensors in orbit”.
The company says the new investment will enable it to scale its operations to address a wider satellite market, including constellation as a service. It has offices located in Luxembourg, Berlin, Toulouse, Naples and Delaware, employing 130 people.
