Space missions have evolved in the past few years. The field which was once available only for government backed entities is now the playground of private corporations as well. D-Orbit is one such Italy-based private startup, which has made a name for itself in the space sector. The company has now secured €15 million financing from the European Investment Bank (EIB).
EIB’s first space firm investment
This is the first time the European Investment Bank has invested in a space firm. The current financing round was led by EIB, with participation from the company’s existing investors such as Seraphim Capital, Noosphere Ventures, Elysia Capital, CDP Venture Capital Sgr, Nova Capital, and TT Venture. This latest funding will enable D-Orbit to carry on with its expansion plans, with the goal of “redefining the standards of the orbital transportation industry.”