Isar Aerospace today announced the completion of its USD 165 million EUR 155 million Series C round. This is the largest SpaceTech financing round to date in 2023, as well as one of the largest European DeepTech fundraises.
7-Industries Holding, Bayern Kapital via its Scale Up Fund Bavaria, Earlybird Venture Capital, HV Capital, Lakestar, Lombard Odier Investment Managers, Porsche Automobil Holding SE (Porsche SE), UVC Partners, and Vsquared Ventures have all contributed to the round. Porsche SE and HV Capital will join Isar Aerospace’s Advisory Board, with 7-Industries Holding serving as an observer.
The European Union and regional programs managed by the European Investment Fund, such as InvestEU and the German Future Fund, contribute to a portion of the funds provided by private investors.
The funding will allow Isar Aerospace to continue its journey toward the first flight and increase the frequency of its Spectrum launch vehicle. It will also allow the company to scale its proven production capabilities to serve its strong order book for small and medium-sized satellite launches as global demand grows.
At the same time, the Series C will enable the company to continue investing in new initiatives and products, as well as to expand its vertical integration, particularly its automated production capabilities, which significantly reduce the cost of building rockets.
Isar Aerospace has established itself as a technological leader since its inception in 2018, having developed proprietary know-how through full vertical integration, owning design, production, and testing operations entirely in-house.
Its manufacturing facility in Munich offers maximum dependability, cost-efficiency, and flexibility. The high level of automation enables future scalability to meet rising market demand. Isar Aerospace has firm contracts with customers all over the world, including major commercial players, New Space companies, and government agencies.
The flight manifest for the comIsar Aerospace, headquartered in Ottobrunn/Munich, develops and manufactures launch vehicles for delivering small and medium-sized satellites, as well as satellite constellations, into Earth orbit.
The company was established in 2018 as a spin-off from the Technical University of Munich. Since then, it has grown to over 300 employees from over 40 countries with many years of hands-on rocket experience and experience in other high-tech industries.pany’s first years of operations is already fully booked, demonstrating its strong positioning as a provider of cost-effective access to specific orbits for the deployment of constellations and targeted use cases.